Fourpath Capital Management LLC Makes New $212,000 Investment in Chipotle Mexican Grill, Inc. $CMG

Fourpath Capital Management LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,783 shares of the restaurant operator’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cyndeo Wealth Partners LLC lifted its position in shares of Chipotle Mexican Grill by 12.1% in the second quarter. Cyndeo Wealth Partners LLC now owns 47,722 shares of the restaurant operator’s stock worth $2,680,000 after purchasing an additional 5,140 shares in the last quarter. 3Chopt Investment Partners LLC lifted its position in shares of Chipotle Mexican Grill by 6.9% in the second quarter. 3Chopt Investment Partners LLC now owns 9,499 shares of the restaurant operator’s stock worth $533,000 after purchasing an additional 613 shares in the last quarter. Stiles Financial Services Inc lifted its position in shares of Chipotle Mexican Grill by 8.2% in the second quarter. Stiles Financial Services Inc now owns 12,760 shares of the restaurant operator’s stock worth $716,000 after purchasing an additional 965 shares in the last quarter. Callan Family Office LLC lifted its position in shares of Chipotle Mexican Grill by 68.6% in the second quarter. Callan Family Office LLC now owns 126,455 shares of the restaurant operator’s stock worth $7,100,000 after purchasing an additional 51,449 shares in the last quarter. Finally, TFR Capital LLC. lifted its position in shares of Chipotle Mexican Grill by 2.4% in the second quarter. TFR Capital LLC. now owns 44,337 shares of the restaurant operator’s stock worth $2,490,000 after purchasing an additional 1,046 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 2.5%

Shares of CMG stock opened at $39.86 on Friday. The business’s 50 day moving average is $41.18 and its two-hundred day moving average is $47.65. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The company has a market cap of $53.45 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

CMG has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, September 9th. Barclays reduced their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. UBS Group raised their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Evercore ISI cut their price objective on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Sanford C. Bernstein cut their price objective 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, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.93.

Chipotle Mexican Grill Company 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.