Carderock Capital Management Inc. Has $229,000 Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Carderock Capital Management Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 93.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,194 shares of the restaurant operator’s stock after selling 84,637 shares during the period. Carderock Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $229,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bank of Nova Scotia boosted its stake in Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after buying an additional 47,241 shares in the last quarter. Sarasin & Partners LLP grew its position in Chipotle Mexican Grill by 1.1% in the third quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock valued at $102,348,000 after acquiring an additional 27,366 shares during the period. Rexford Capital Inc. raised its stake in Chipotle Mexican Grill by 3,266.1% during the third quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock worth $575,000 after acquiring an additional 14,240 shares in the last quarter. Union Bancaire Privee UBP SA lifted its holdings in shares of Chipotle Mexican Grill by 76.3% during the third quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock valued at $13,333,000 after acquiring an additional 154,512 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Chipotle Mexican Grill by 34.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 283,407 shares of the restaurant operator’s stock valued at $11,044,000 after acquiring an additional 72,167 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CMG shares. Barclays lowered their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Citigroup lifted their price target on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $37.00 to $40.00 in a research report on Friday. Wall Street Zen raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 26th. Twenty-four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.47.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $33.36 on Tuesday. The business has a fifty day moving average of $37.34 and a 200-day moving average of $37.14. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The firm has a market cap of $43.44 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.