Kera Capital Partners Inc. Increases Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Kera Capital Partners Inc. boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 149.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,808 shares of the restaurant operator’s stock after purchasing an additional 131,653 shares during the quarter. Chipotle Mexican Grill makes up 1.1% of Kera Capital Partners Inc.’s portfolio, making the stock its 25th biggest holding. Kera Capital Partners Inc.’s holdings in Chipotle Mexican Grill were worth $8,544,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CMG. Bank of Nova Scotia grew its stake in shares of 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 buying an additional 47,241 shares during the period. Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $1,597,000. Norges Bank purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $711,837,000. Crescent Park Management L.P. acquired a new position in Chipotle Mexican Grill in the third quarter valued at $5,911,000. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in Chipotle Mexican Grill by 156.9% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after acquiring an additional 35,589 shares during the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research reports. Stephens boosted their price target on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Barclays dropped their target price on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $37.00 to $40.00 in a research report on Friday, March 20th. Twenty-three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.10.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $32.43 on Friday. The business’s 50-day simple moving average is $32.69 and its 200 day simple moving average is $35.17. The company has a market cap of $41.60 billion, a P/E ratio of 29.76, a PEG ratio of 2.05 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly 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. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the business earned $0.29 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share 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.