Clear Street Group Inc. Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Clear Street Group Inc. purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 26,318 shares of the restaurant operator’s stock, valued at approximately $974,000.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors lifted its position in Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after purchasing an additional 48,398,628 shares during the period. Norges Bank acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $711,837,000. Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital International Investors grew its stake in shares of Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Chipotle Mexican Grill by 206.4% during the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after buying an additional 9,473,120 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of several research reports. Argus upgraded 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. Raymond James Financial cut their price target on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Piper Sandler reduced 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 research report on Thursday, April 30th. JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $38.00 to $35.00 in a research report on Friday, June 5th. Finally, Weiss Ratings lowered 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $45.48.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $32.20 on Monday. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $58.42. The company has a market capitalization of $41.30 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99. The business has a fifty day moving average price of $32.75 and a two-hundred day moving average price of $35.22.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current 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.