Delta Global Management LP purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 594,273 shares of the restaurant operator’s stock, valued at approximately $21,988,000. Chipotle Mexican Grill comprises 1.0% of Delta Global Management LP’s investment portfolio, making the stock its 21st biggest position.
Several other hedge funds have also recently modified their holdings of CMG. Capital World Investors increased its position in Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after acquiring an additional 48,398,628 shares during the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $711,837,000. Vanguard Group Inc. grew its holdings in Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares during the period. Capital International Investors grew its holdings in Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after purchasing an additional 11,471,658 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in Chipotle Mexican Grill by 206.4% during the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after purchasing an additional 9,473,120 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.
Chipotle Mexican Grill Price Performance
NYSE:CMG opened at $32.70 on Tuesday. The firm has a market capitalization of $41.95 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 2.07 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $58.42. The business has a 50 day simple moving average of $32.74 and a 200-day simple moving average of $35.21.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Raymond James Financial dropped their price objective on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. BNP Paribas Exane upped their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Mizuho raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $37.00 to $40.00 in a research note on Friday, March 20th. DA Davidson assumed coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Twenty-four 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.48.
View Our Latest Stock Report on CMG
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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