Jupiter Topco LLC Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Jupiter Topco LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 156,224 shares of the restaurant operator’s stock, valued at approximately $5,312,000.

A number of other hedge funds have also recently made changes to their positions in CMG. BlackRock Inc. bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at about $4,417,475,000. Capital World Investors increased its position in shares of Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after acquiring an additional 13,843,222 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chipotle Mexican Grill by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after purchasing an additional 9,237,720 shares during the period. Capital International Investors boosted its holdings in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock valued at $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. Finally, Norges Bank bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $711,837,000. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research analyst reports. Mizuho lifted their target price on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Finally, Evercore reiterated an “outperform” rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Twenty-three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.84.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This represents a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $38.03 on Tuesday. The company has a 50 day moving average price of $34.47 and a 200-day moving average price of $33.90. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $42.81. The firm has a market cap of $48.12 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share 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.