Savoir Faire Capital Management L.P. Has $8.47 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Savoir Faire Capital Management L.P. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 31.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 216,140 shares of the restaurant operator’s stock after buying an additional 52,302 shares during the quarter. Chipotle Mexican Grill accounts for 3.0% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 13th largest holding. Savoir Faire Capital Management L.P.’s holdings in Chipotle Mexican Grill were worth $8,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Chipotle Mexican Grill by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock valued at $6,932,118,000 after acquiring an additional 993,798 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Chipotle Mexican Grill by 1.9% in the second 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 during the period. Geode Capital Management LLC increased its stake in Chipotle Mexican Grill by 1.1% in the second 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 in the last quarter. American Century Companies Inc. increased its stake in Chipotle Mexican Grill by 2.9% in the second 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 position in shares of Chipotle Mexican Grill during the second quarter valued at about $1,001,668,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.8%

Shares of Chipotle Mexican Grill stock opened at $40.87 on Monday. The company has a market capitalization of $54.03 billion, a P/E ratio of 36.16, a price-to-earnings-growth ratio of 3.85 and a beta of 0.97. The stock has a fifty day simple moving average of $36.38 and a 200 day simple moving average of $39.73. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $59.57.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

CMG has been the subject of several research reports. Piper Sandler raised their target price on Chipotle Mexican Grill from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group set a $45.00 price target on Chipotle Mexican Grill in a report on Friday, October 31st. Mizuho raised their price objective on Chipotle Mexican Grill from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Truist Financial boosted their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.23.

Chipotle Mexican Grill Company 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.