Interval Partners LP Invests $11.10 Million in Chipotle Mexican Grill, Inc. $CMG

Interval Partners LP purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 300,000 shares of the restaurant operator’s stock, valued at approximately $11,100,000.

Several other large investors have also recently modified their holdings of CMG. Capital World Investors boosted its stake in Chipotle Mexican Grill by 122.7% in the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after purchasing an additional 48,398,628 shares in the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $711,837,000. Vanguard Group Inc. increased its stake in Chipotle Mexican Grill by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares in the last quarter. Capital International Investors raised its holdings in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Chipotle Mexican Grill by 206.4% in the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after buying an additional 9,473,120 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.3%

Shares of Chipotle Mexican Grill stock opened at $31.87 on Thursday. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $58.42. The company’s 50 day moving average is $32.70 and its 200 day moving average is $35.19. The company has a market cap of $40.88 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.10 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Finally, Citigroup boosted their price target on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Twenty-three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $45.10.

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.