Chipotle Mexican Grill, Inc. $CMG Shares Bought by BlueSpruce Investments LP

BlueSpruce Investments LP lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24,760.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,930,732 shares of the restaurant operator’s stock after buying an additional 3,914,921 shares during the quarter. Chipotle Mexican Grill comprises about 5.1% of BlueSpruce Investments LP’s holdings, making the stock its 11th biggest holding. BlueSpruce Investments LP’s holdings in Chipotle Mexican Grill were worth $220,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Ascent Group LLC raised its stake in Chipotle Mexican Grill by 3.5% during the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after acquiring an additional 193 shares in the last quarter. E. Ohman J or Asset Management AB boosted its stake in Chipotle Mexican Grill by 0.3% in the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock valued at $3,326,000 after acquiring an additional 194 shares in the last quarter. Occidental Asset Management LLC grew its holdings in shares of Chipotle Mexican Grill by 2.8% during the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 195 shares during the last quarter. Perennial Advisors LLC increased its position in shares of Chipotle Mexican Grill by 3.1% during the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 200 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock worth $593,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $36.13 on Friday. The stock has a fifty day moving average price of $35.63 and a 200 day moving average price of $42.96. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.43. The company has a market cap of $47.77 billion, a PE ratio of 31.97, a P/E/G ratio of 3.56 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CMG shares. The Goldman Sachs Group reissued a “buy” rating and issued a $45.00 target price (down from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Jefferies Financial Group decreased their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, Stephens lowered their price objective on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.81.

About Chipotle Mexican Grill

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.