DSG Capital Advisors LLC Purchases New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

DSG Capital Advisors LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,755 shares of the restaurant operator’s stock, valued at approximately $1,493,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $31,000. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $38,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Oakworth Capital Inc. bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $50,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $50,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.7%

CMG stock opened at $50.99 on Wednesday. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The business’s 50 day simple moving average is $49.99 and its 200 day simple moving average is $55.12. The firm has a market capitalization of $68.70 billion, a PE ratio of 45.93, a PEG ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $13.37 earnings per share. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMG. Robert W. Baird decreased their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Wedbush dropped their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, April 25th. Finally, Argus lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $61.74.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.