Vantage Investment Partners LLC Raises Holdings in Chipotle Mexican Grill, Inc. $CMG

Vantage Investment Partners LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 968,639 shares of the restaurant operator’s stock after purchasing an additional 151,607 shares during the period. Chipotle Mexican Grill accounts for about 2.6% of Vantage Investment Partners LLC’s holdings, making the stock its 18th biggest position. Vantage Investment Partners LLC’s holdings in Chipotle Mexican Grill were worth $37,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CMG. Vanguard Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 0.8% in the second quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock worth $6,932,118,000 after acquiring an additional 993,798 shares during the last quarter. Alliancebernstein L.P. increased its position in Chipotle Mexican Grill by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock worth $1,859,211,000 after purchasing an additional 606,190 shares in the last quarter. Geode Capital Management LLC raised its stake in Chipotle Mexican Grill by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock valued at $1,657,193,000 after purchasing an additional 325,926 shares during the last quarter. American Century Companies Inc. lifted its holdings in Chipotle Mexican Grill by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator’s stock valued at $1,193,618,000 after purchasing an additional 595,038 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth about $1,001,668,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMG. BTIG Research cut their price objective on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Barclays raised their price objective on Chipotle Mexican Grill from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Mizuho lifted their price objective on Chipotle Mexican Grill from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Finally, Jefferies Financial Group reduced their target price on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $50.32.

Chipotle Mexican Grill Trading Down 0.5%

Shares of CMG opened at $40.52 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $59.57. The firm has a market capitalization of $53.58 billion, a P/E ratio of 35.86, a price-to-earnings-growth ratio of 3.87 and a beta of 0.97. The stock’s fifty day simple moving average is $36.20 and its 200 day simple moving average is $40.06.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 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.