CenterBook Partners LP raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 218.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,948 shares of the restaurant operator’s stock after buying an additional 30,830 shares during the period. CenterBook Partners LP’s holdings in Chipotle Mexican Grill were worth $1,663,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Bank of Nova Scotia grew its holdings in shares of Chipotle Mexican Grill by 11.0% during the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock worth $18,642,000 after purchasing an additional 47,241 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at about $1,597,000. Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter worth about $711,837,000. Crescent Park Management L.P. bought a new stake in Chipotle Mexican Grill during the third quarter worth about $5,911,000. Finally, WINTON GROUP Ltd grew its stake in Chipotle Mexican Grill by 269.6% during the third quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock worth $14,888,000 after buying an additional 277,090 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently issued reports on CMG shares. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $38.00 to $35.00 in a report on Friday, June 5th. Morgan Stanley set a $37.00 price target on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Finally, Stephens upped their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.48.
Chipotle Mexican Grill Stock Performance
NYSE CMG opened at $29.87 on Wednesday. The firm’s fifty day moving average price is $32.79 and its two-hundred day moving average price is $35.21. The stock has a market cap of $38.31 billion, a PE ratio of 27.40, a PEG ratio of 1.88 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.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the company earned $0.29 EPS. Chipotle Mexican Grill’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.
Key Stories Impacting Chipotle Mexican Grill
Here are the key news stories impacting Chipotle Mexican Grill this week:
- Positive Sentiment: Chipotle launched its first-ever Matchday BOGO promotion for fans wearing soccer jerseys in the U.S., Canada and U.K., along with a limited-edition jersey and Rewards badge, which may help drive customer visits and brand engagement. Article Title
- Positive Sentiment: Chipotle’s ongoing loyalty and community efforts, including fundraising tied to “No Kid Hungry,” reinforce the brand and may support customer goodwill. Article Title
- Neutral Sentiment: Some commentary suggests CMG may be a “hold” after its recent slump, indicating investors are waiting for clearer signs of a turnaround. Article Title
- Neutral Sentiment: Articles focused on Chipotle’s valuation and recent share-performance softness highlight fading momentum and weaker year-to-date returns, keeping investor sentiment cautious. Article Title
- Negative Sentiment: Bearish takes arguing that CMG is too expensive given weak comps growth and macro headwinds add pressure to the stock. Article Title
- Negative Sentiment: Another Seeking Alpha piece argued the recent plunge still hasn’t made Chipotle attractive enough, reinforcing concerns that the shares remain under pressure. Article Title
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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