Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Twin Capital Management Inc.

Twin Capital Management Inc. raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 41.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,374 shares of the restaurant operator’s stock after acquiring an additional 18,640 shares during the period. Twin Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $2,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. Centurion Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 3.1% in the fourth quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 260 shares during the period. City State Bank lifted its position in Chipotle Mexican Grill by 13.4% during the fourth quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 275 shares in the last quarter. Cromwell Holdings LLC lifted its position in Chipotle Mexican Grill by 7.4% during the fourth quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after buying an additional 295 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its stake in Chipotle Mexican Grill by 4.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after buying an additional 298 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $32.95 on Thursday. The stock has a market cap of $42.27 billion, a PE ratio of 30.23, a P/E/G ratio of 2.13 and a beta of 1.03. The stock’s 50-day moving average is $33.38 and its two-hundred day moving average is $35.22. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month 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 (EPS) for the quarter, hitting 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 firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. The firm’s quarterly 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. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CMG shares. Guggenheim cut their target price on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Telsey Advisory Group decreased their price target on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Morgan Stanley lowered their price target on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $48.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Finally, BTIG Research restated a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.