Interval Partners LP purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 300,000 shares of the restaurant operator’s stock, valued at approximately $11,100,000.
A number of other large investors have also bought and sold shares of CMG. Vanguard Group Inc. raised its holdings in Chipotle Mexican Grill by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital World Investors grew its holdings in Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after acquiring an additional 13,843,222 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Chipotle Mexican Grill by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after acquiring an additional 9,237,720 shares during the period. Capital International Investors raised its stake in shares of Chipotle Mexican Grill by 17.7% during the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock valued at $1,675,895,000 after acquiring an additional 6,796,285 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $711,837,000. 91.30% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CMG. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, May 5th. BTIG Research reissued a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, Morgan Stanley set a $37.00 price objective on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Twenty-three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.10.
Chipotle Mexican Grill Trading Down 2.3%
Shares of CMG stock opened at $31.87 on Thursday. The company’s fifty day moving average price is $32.70 and its 200-day moving average price is $35.19. The stock has a market cap of $40.88 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.10 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $58.42.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the business earned $0.29 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.
Chipotle Mexican Grill Company 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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