Heritage Investors Management Corp Purchases 30,965 Shares of Chipotle Mexican Grill, Inc. $CMG

Heritage Investors Management Corp increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 529,085 shares of the restaurant operator’s stock after purchasing an additional 30,965 shares during the period. Heritage Investors Management Corp’s holdings in Chipotle Mexican Grill were worth $19,576,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $25,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $25,000. Murphy & Mullick Capital Management Corp raised its stake in shares of Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 400 shares during the period. Winthrop Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $31,000. Finally, Ameriflex Group Inc. increased its holdings in Chipotle Mexican Grill by 109.4% in the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 465 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DA Davidson assumed coverage on Chipotle Mexican Grill in a report on Friday, March 6th. They set a “buy” rating and a $51.00 target price for the company. KeyCorp reduced their target price on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Guggenheim cut their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Finally, BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-four investment 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. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $32.83 on Friday. The business has a 50 day moving average of $33.34 and a 200 day moving average of $35.23. The company has a market capitalization of $42.11 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 2.12 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its 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 during the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS 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.