15,662 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Crestline Management LP

Crestline Management LP acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 15,662 shares of the restaurant operator’s stock, valued at approximately $944,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CMG. Norges Bank bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $692,701,000. Alliancebernstein L.P. lifted its position in shares of Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after buying an additional 6,853,470 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $315,220,000. Finally, Voya Investment Management LLC increased its stake in Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator’s stock worth $541,914,000 after acquiring an additional 4,790,464 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Raymond James lowered their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. TD Securities dropped their price target on Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, UBS Group decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.74.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $49.77 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The stock has a market cap of $67.06 billion, a price-to-earnings ratio of 44.83, a PEG ratio of 2.04 and a beta of 1.11. The firm’s 50-day moving average is $49.67 and its two-hundred day moving average is $55.71.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Chipotle Mexican Grill’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $13.37 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.