Arrowstreet Capital Limited Partnership Increases Stock Position in Chipotle Mexican Grill, Inc. $CMG

Arrowstreet Capital Limited Partnership boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,750,486 shares of the restaurant operator’s stock after buying an additional 2,316,849 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Chipotle Mexican Grill were worth $508,768,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Chipotle Mexican Grill during the third quarter worth about $25,000. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill during the third quarter worth about $25,000. Murphy & Mullick Capital Management Corp boosted its stake in 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 worth $30,000 after buying an additional 400 shares during the period. Winthrop Capital Management LLC purchased a new position in Chipotle Mexican Grill during the third quarter worth about $31,000. Finally, Ankerstar Wealth LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Guggenheim lowered their target price on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Weiss Ratings lowered shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $40.00 in a research note on Friday, March 20th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Finally, BTIG Research reissued a “buy” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $45.48.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $32.20 on Friday. The firm has a 50 day simple moving average of $32.75 and a 200-day simple moving average of $35.19. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $58.42. The firm has a market cap of $41.30 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.07 and a beta of 0.99.

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