Gagnon Securities LLC Grows Holdings in Chipotle Mexican Grill, Inc. $CMG

Gagnon Securities LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 30.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,975 shares of the restaurant operator’s stock after acquiring an additional 36,580 shares during the quarter. Chipotle Mexican Grill comprises approximately 1.2% of Gagnon Securities LLC’s holdings, making the stock its 25th biggest position. Gagnon Securities LLC’s holdings in Chipotle Mexican Grill were worth $5,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp boosted its stake in Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 400 shares during the period. Winthrop Capital Management LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $31,000. Finally, Ankerstar Wealth LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $33,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMG has been the topic of several recent research reports. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, May 5th. BTIG Research reiterated a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Finally, Weiss Ratings downgraded shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Twenty-four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $45.48.

Chipotle Mexican Grill Stock Up 3.0%

Shares of NYSE:CMG opened at $32.20 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $58.42. The stock has a market cap of $41.30 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.01 and a beta of 0.99. The business has a 50-day moving average price of $32.75 and a 200-day moving average price of $35.19.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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 return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.