Arrowstreet Capital Limited Partnership Increases Stock Position in Chipotle Mexican Grill, Inc. $CMG

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.8% during the 1st quarter, HoldingsChannel reports. The firm owned 16,478,248 shares of the restaurant operator’s stock after purchasing an additional 2,727,762 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Chipotle Mexican Grill were worth $527,469,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CMG. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at $25,000. MV Capital Management Inc. purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth about $26,000. Osbon Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $28,000. Merkkuri Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at $28,000. Finally, Ankerstar Wealth LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $33,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CMG. BTIG Research reiterated a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. BNP Paribas Exane upped their price objective on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, May 5th. Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Finally, Morgan Stanley set a $37.00 target price on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Twenty-three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $43.86.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $32.01 on Friday. The firm has a market capitalization of $41.06 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 2.10 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $47.18. The company has a 50 day moving average price of $32.64 and a 200 day moving average price of $34.76.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share 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 company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business earned $0.29 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 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.