Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,750,486 shares of the restaurant operator’s stock after buying an additional 2,316,849 shares during the period. Arrowstreet Capital Limited Partnership owned 1.06% of Chipotle Mexican Grill worth $508,768,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Aptus Capital Advisors LLC raised its position in shares of Chipotle Mexican Grill by 6.6% in the fourth quarter. Aptus Capital Advisors LLC now owns 34,977 shares of the restaurant operator’s stock valued at $1,294,000 after buying an additional 2,163 shares during the last quarter. Ally Financial Inc. raised its position in shares of Chipotle Mexican Grill by 33.3% in the fourth quarter. Ally Financial Inc. now owns 32,000 shares of the restaurant operator’s stock valued at $1,184,000 after buying an additional 8,000 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of Chipotle Mexican Grill by 8.6% in the fourth quarter. CreativeOne Wealth LLC now owns 17,503 shares of the restaurant operator’s stock valued at $648,000 after buying an additional 1,382 shares during the last quarter. Templeton & Phillips Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $9,157,000. Finally, Transamerica Financial Advisors LLC raised its position in shares of Chipotle Mexican Grill by 53.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,020 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 354 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 3.0%

Shares of CMG opened at $32.20 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $58.42. The firm has a 50-day moving average price of $32.75 and a 200 day moving average price of $35.19. The firm has a market capitalization of $41.30 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.07 and a beta of 0.99.

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, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMG. DA Davidson began coverage on shares of Chipotle Mexican Grill in a research report on Friday, March 6th. They issued a “buy” rating and a $51.00 target price for the company. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, May 5th. Morgan Stanley set a $37.00 target price on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $37.00 to $40.00 in a report on Friday, March 20th. Finally, Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Twenty-four equities research 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.48.

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.