Temasek Holdings Private Ltd trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 51.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,622 shares of the restaurant operator’s stock after selling 272,899 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Chipotle Mexican Grill were worth $9,458,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Revolve Wealth Partners LLC increased its position in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after buying an additional 214 shares during the last quarter. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at $224,000. Empowered Funds LLC lifted its stake in Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. lifted its stake in Chipotle Mexican Grill by 7,176.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of Chipotle Mexican Grill by 88.8% in the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after buying an additional 129,066 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on CMG shares. BTIG Research restated a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Mizuho raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $37.00 to $40.00 in a report on Friday, March 20th. TD Cowen reiterated a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Raymond James Financial cut their price objective on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Finally, DA Davidson assumed coverage on shares of Chipotle Mexican Grill in a report on Friday, March 6th. They issued a “buy” rating and a $51.00 price target for the company. Twenty-four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.48.
Chipotle Mexican Grill Stock Performance
Chipotle Mexican Grill stock opened at $32.70 on Tuesday. The company has a market capitalization of $41.95 billion, a PE ratio of 30.00, a P/E/G ratio of 2.07 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $58.42. The company has a 50 day moving average price of $32.74 and a 200-day moving average price of $35.21.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.
Chipotle Mexican Grill Profile
Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.
The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.
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