Crossmark Global Holdings Inc. Purchases Shares of 2,083 Chipotle Mexican Grill, Inc. (CMG)

Crossmark Global Holdings Inc. purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,083 shares of the restaurant operator’s stock, valued at approximately $641,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Korea Investment CORP raised its position in Chipotle Mexican Grill by 140.2% during the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after acquiring an additional 157 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Chipotle Mexican Grill by 15.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after acquiring an additional 55 shares in the last quarter. Blue Sky Asset Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth $200,000. CIBC World Markets Inc. bought a new stake in Chipotle Mexican Grill during the second quarter worth $205,000. Finally, Pacer Advisors Inc. raised its position in Chipotle Mexican Grill by 6.2% during the second quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock worth $207,000 after acquiring an additional 29 shares in the last quarter. 90.72% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on CMG. Canaccord Genuity reissued a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BMO Capital Markets reissued a “market perform” rating and issued a $275.00 price objective (down from $330.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Robert W. Baird set a $300.00 price objective on shares of Chipotle Mexican Grill and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $380.00 price objective (down from $390.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Eight investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $356.06.

Chipotle Mexican Grill, Inc. (CMG) opened at $285.45 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $263.00 and a fifty-two week high of $499.00. The stock has a market cap of $7,930.63, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business posted $0.56 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts forecast that Chipotle Mexican Grill, Inc. will post 6.64 earnings per share for the current year.

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Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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