Quantitative Investment Management LLC Acquires New Position in Chipotle Mexican Grill, Inc. $CMG

Quantitative Investment Management LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 111,929 shares of the restaurant operator’s stock, valued at approximately $3,805,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Groupama Asset Managment boosted its stake in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after purchasing an additional 291 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 4.6% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after purchasing an additional 298 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of Chipotle Mexican Grill by 2.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 311 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in Chipotle Mexican Grill by 14.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.1%

Shares of CMG opened at $38.08 on Monday. The stock has a market capitalization of $48.19 billion, a P/E ratio of 34.94, a PEG ratio of 2.42 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81. The firm has a fifty day simple moving average of $34.33 and a two-hundred day simple moving average of $33.90.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 earnings per share. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Insider Activity

In related news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider owned 21,415 shares in the company, valued at $765,586.25. The trade was a 11.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is owned by insiders.

Analyst Ratings Changes

CMG has been the subject of several recent research reports. Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $40.00 price objective (down from $44.00) on shares of Chipotle Mexican Grill in a research note on Monday, August 24th. Guggenheim reiterated a “neutral” rating and issued a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Citigroup lowered their target price on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Finally, BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.84.

View Our Latest Stock Report on Chipotle Mexican Grill

Chipotle Mexican Grill Profile

(Free Report)

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.

Further Reading

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

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