Chipotle Mexican Grill, Inc. $CMG Shares Bought by Capital International Inc. CA

Capital International Inc. CA grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 77.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 572,732 shares of the restaurant operator’s stock after buying an additional 250,412 shares during the quarter. Capital International Inc. CA’s holdings in Chipotle Mexican Grill were worth $21,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $25,000. Murphy & Mullick Capital Management Corp lifted its position in shares of Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Winthrop Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $31,000. Finally, Ameriflex Group Inc. lifted its position in shares of Chipotle Mexican Grill by 109.4% during the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 465 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.2%

Shares of NYSE:CMG opened at $29.39 on Monday. The company’s fifty day moving average is $32.86 and its two-hundred day moving average is $35.23. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $58.42. The company has a market cap of $37.70 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the business earned $0.29 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Raymond James Financial cut their price objective on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Morgan Stanley set a $37.00 price objective on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research report on Wednesday. Barclays cut their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, 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 research report on Tuesday, May 5th. Twenty-four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.48.

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Chipotle Mexican Grill Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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