Chipotle Mexican Grill, Inc. $CMG Holdings Boosted by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.9% during the 4th quarter, HoldingsChannel reports. The firm owned 235,040 shares of the restaurant operator’s stock after buying an additional 24,990 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Chipotle Mexican Grill were worth $8,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp boosted its stake in shares of Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 400 shares during the period. Winthrop Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $31,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $32,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 1.6%

CMG stock opened at $32.59 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The company has a fifty day simple moving average of $33.54 and a 200 day simple moving average of $35.36. The firm has a market cap of $41.81 billion, a PE ratio of 29.90, a PEG ratio of 2.07 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (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 in the previous year, the business earned $0.29 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMG. Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. BTIG Research reissued a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Telsey Advisory Group decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. Twenty-four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.03.

Chipotle Mexican Grill Company 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.