BLI Banque de Luxembourg Investments Raises Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

BLI Banque de Luxembourg Investments increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,000 shares of the restaurant operator’s stock after purchasing an additional 36,000 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Chipotle Mexican Grill were worth $5,818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMG. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at $25,000. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at $25,000. Murphy & Mullick Capital Management Corp increased its holdings in shares of Chipotle Mexican Grill by 106.7% during the third 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 in the last quarter. Winthrop Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at $31,000. Finally, Ameriflex Group Inc. increased its holdings in shares of Chipotle Mexican Grill by 109.4% during the third quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 465 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $29.27 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $58.42. The business’s 50-day moving average is $32.81 and its two-hundred day moving average is $35.22. The company has a market cap of $37.55 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.89 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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 return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. Chipotle Mexican Grill’s revenue was up 7.4% on a year-over-year basis. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on CMG. Raymond James Financial dropped their price objective on 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 dropped their price objective on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. 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, June 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Finally, Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Twenty-four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company 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.