Regal Investment Advisors LLC Acquires New Stake in Chipotle Mexican Grill, Inc. (CMG)

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Regal Investment Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 590 shares of the restaurant operator’s stock, valued at approximately $255,000.

Other large investors have also bought and sold shares of the company. Huntington National Bank lifted its stake in Chipotle Mexican Grill by 19.9% during the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 28 shares in the last quarter. Clean Yield Group purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $86,000. We Are One Seven LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $96,000. Cornerstone Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 17.1% during the third quarter. Cornerstone Wealth Management LLC now owns 35,254 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 5,142 shares in the last quarter. Finally, Korea Investment CORP lifted its stake in Chipotle Mexican Grill by 45.4% during the third quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock valued at $178,000 after buying an additional 122 shares in the last quarter. Institutional investors own 91.25% of the company’s stock.

CMG has been the subject of a number of analyst reports. Wells Fargo & Co reduced their price objective on shares of Chipotle Mexican Grill from $418.00 to $415.00 and set a “market perform” rating for the company in a research note on Tuesday, October 16th. Gordon Haskett initiated coverage on shares of Chipotle Mexican Grill in a research note on Thursday, October 18th. They set an “underperform” rating and a $385.00 price objective for the company. Royal Bank of Canada raised shares of Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $450.00 to $510.00 in a research note on Monday, October 22nd. UBS Group set a $370.00 price objective on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Monday, October 22nd. Finally, Piper Jaffray Companies set a $550.00 price objective on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Monday, October 22nd. Nine analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $501.39.

Shares of CMG opened at $582.77 on Monday. The company has a market cap of $16.19 billion, a P/E ratio of 64.32, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60. Chipotle Mexican Grill, Inc. has a twelve month low of $247.51 and a twelve month high of $606.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.34. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 12.16 EPS for the current year.

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Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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

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