AXQ Capital LP Invests $727,000 in Chipotle Mexican Grill, Inc. $CMG

AXQ Capital LP purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 18,543 shares of the restaurant operator’s stock, valued at approximately $727,000.

Several other hedge funds have also bought and sold shares of CMG. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the second quarter valued at approximately $1,001,668,000. Sustainable Growth Advisers LP purchased a new position in Chipotle Mexican Grill during the second quarter valued at $597,031,000. BlueSpruce Investments LP boosted its holdings in Chipotle Mexican Grill by 24,760.7% in the second quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock worth $220,711,000 after acquiring an additional 3,914,921 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill by 2.0% in the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock worth $4,935,092,000 after acquiring an additional 2,470,213 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Chipotle Mexican Grill by 2,705.6% in the second quarter. Marshall Wace LLP now owns 2,126,682 shares of the restaurant operator’s stock worth $119,413,000 after acquiring an additional 2,050,882 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 2.6%

NYSE:CMG opened at $36.57 on Tuesday. The company has a market cap of $47.63 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 2.30 and a beta of 0.99. The company has a 50 day simple moving average of $38.47 and a two-hundred day simple moving average of $38.20. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.Chipotle Mexican Grill’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CMG shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Barclays decreased their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Raymond James Financial increased their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Citigroup raised their price target on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Evercore reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.24.

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.