Chipotle Mexican Grill, Inc. $CMG Stake Boosted by Ieq Capital LLC

Ieq Capital LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,163.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 936,294 shares of the restaurant operator’s stock after purchasing an additional 862,199 shares during the quarter. Ieq Capital LLC owned approximately 0.07% of Chipotle Mexican Grill worth $34,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CMG. Bank of Nova Scotia grew its stake in Chipotle Mexican Grill by 11.0% during the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after acquiring an additional 47,241 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $1,597,000. Norges Bank purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $711,837,000. Crescent Park Management L.P. purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $5,911,000. Finally, WINTON GROUP Ltd grew its stake in Chipotle Mexican Grill by 269.6% during the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock valued at $14,888,000 after acquiring an additional 277,090 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CMG. TD Cowen reaffirmed a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Guggenheim lowered their target price on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Stephens lifted their target price on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, Citigroup lifted their target price on Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a research note 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.48.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $32.20 on Friday. The firm has a market cap of $41.30 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.01 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $58.42. The stock has a 50-day simple moving average of $32.75 and a 200-day simple moving average of $35.19.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

About Chipotle Mexican Grill

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.