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Clear Street Markets LLC Increases Its Holdings of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Clear Street Markets LLC Increases Its Holdings of Chipotle Mexican Grill, Inc. (NYSE:CMG)

The most recent Form 13F filing that the company made with the Securities and Exchange Commission reveals that during the third quarter, Clear Street Markets LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE: CMG). The company volunteered this information for our consideration (SEC). The company finished the quarter with 294 shares, bringing its total number to 294, which was achieved by purchasing an additional 233 shares of the restaurant operator’s stock throughout the quarter. According to the report just recently filed with the Securities and Exchange Commission, Clear Street Markets LLC has a financial stake in Chipotle Mexican Grill that is equal to $442,000. (SEC).

Other hedge funds and institutional investors have also changed the stock holdings they currently have in the company. These changes were made in response to recent events. During the second quarter, Cetera Investment Advisers successfully achieved a 55.0% increase in its ownership stake in Chipotle Mexican Grill. The investment advisory firm Cetera Investment Advisers currently possesses 1,204 shares of the restaurant operator’s stock, which has a value of $1,574,000. This is because the company purchased 427 additional shares during the period in question. During the second quarter, Sumitomo Mitsui DS Asset Management Company Ltd. increased the proportion of Chipotle Mexican Grill stock it owned by 0.5 percentage points. After making one more purchase during the relevant period, Sumitomo Mitsui DS Asset Management Company Ltd. now has 1,883 restaurant operator stock shares worth $2,462,000. These shares were acquired as part of the question. During the period covered by the report for the company’s third quarter, Sawtooth Solutions LLC increased its stake in Chipotle Mexican Grill by 43.3%. Sawtooth Solutions LLC has acquired ownership of 467 shares of the restaurant operator’s stock, which have a total market value of $702,000. This is a direct consequence of the company purchasing an additional 141 shares during the relevant period in question. During the second quarter, M&T Bank Corporation’s holdings went through a period of growth that resulted in a 2.9% increase for Chipotle Mexican Grill. After purchasing an additional 139 shares during the quarter, M&T Bank Corp. now has 4,923 shares of the restaurant operator’s stock, which is currently valued at $6,066,000. These shares were acquired during the quarter. Lastly, but certainly not least, Jacobs & Co. CA increased the percentage of Chipotle Mexican Grill shares that it owned by 44.2% during the second quarter. Following the acquisition of 404 additional shares during the most recent trading session, Jacobs & Co. CA now holds 1,319 shares of the restaurant operator’s stock. The value of Jacobs & Co. CA’s holdings in the restaurant operator’s stock is estimated to be $1,724,000. Most of the company’s shares are owned by institutional investors and hedge funds, which account for 93.26% of the total.

At the start of trading on Tuesday, the NYSE CMG set the opening price at $1,524.57. During the last 52 weeks, the share price of Chipotle Mexican Grill, Inc. ranged from a low of $1,196.28 to a high of $1,754.56. The simple moving average over the past 50 days comes in at $1,478.52, and the simple moving average over the past 200 days comes at $1,514.04. The company has a price-to-earnings ratio of 53.07, a PEG ratio of 1.33, and a beta value of 1.26, and its market capitalization is currently sitting at $42.26 billion.

On Tuesday, October 25, Chipotle Mexican Grill, which trades under the ticker symbol CMG on the New York Stock Exchange, made public the results of its most recent quarterly financial report. The restaurant company announced quarterly earnings of $9.51 per share, which is $0.40 more than the consensus expectation for the period, which was $9.11 per share. Chipotle Mexican Grill has a return on equity of 38.03 percent and a net margin of 9.61 percent. Both of these figures are impressive. The company’s sales for the quarter came in at $2.22 billion, which was lower than the industry analysts’ consensus estimate of $2.23 billion, which was derived from the company’s sales. According to market watchers’ projections, Chipotle Mexican Grill, Inc. is expected to generate earnings of 33.32 cents per share this year.

Several brokerage firms have recently provided their opinions on CMG, which have been publicized. In a research report that was issued on September 21, Cowen raised their “outperform” rating for Chipotle Mexican Grill and raised their price target on the stock from $1,850.00 to $1,950.00d their “outperform” rating for Chipotle Mexican Grill and raised their price target on the stock from $1,850.00 to $1,950.00. In the same report, Cowen also raised their price target on the stock from $1,850.00 to $1,950.00. The price target that Deutsche Bank Aktiengesellschaft has set for Chipotle Mexican Grill has decreased from $1,708.00 to $1,699.00, as stated in a research report that was made public on October 27. Barclays’ research note on Chipotle Mexican Grill, released on January 5, focused on the company’s recent earnings report. The investment firm stated in the note that they are now considering the stock to have “equal weight” after lowering their price objective for the company from $1,510.00 to $1,450.00. Oppenheimer reaffirmed their “outperform” rating on shares of Chipotle Mexican Grill and set a price objective of $1,800.00 on the stock in a research note published on Tuesday, October 18. The note also established a price objective of $1,800.00 for the stock. The price target that Citigroup has set for Chipotle Mexican Grill has increased to $1,880.00, as stated in a research report that was published on Thursday, October 27. This was the final and most significant point to be made. Twenty-three equity research experts have recommended that investors buy the stock, while only five of them have suggested that they hold on to the shares they already own. According to Bloomberg, the company currently has an average recommendation of “Moderate Buy,” and the price target for the stock has been determined to be $1,819.96.

Chipotle Mexican Grill, Inc. is the parent company of all Chipotle Mexican Grill restaurants. The subsidiaries of Chipotle Mexican Grill, Inc. are the ones who own and run the restaurants. As of September 30 in the year 2022, it had approximately 3,100 restaurants owned and operated across the United States of America, Canada, the United Kingdom, France, Germany, and the rest of Europe in the year 2022, it had approximately 3,100 restaurants that it owned and operated across the United States of America, Canada, the United Kingdom, France, Germany, and the rest of Europe. The current location of the company’s headquarters is in Newport Beach, which is found in the state of California. The company was founded in 1993.

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