Intermede Investment Partners Ltd Has $58.96 Million Position in Chipotle Mexican Grill, Inc. $CMG

Intermede Investment Partners Ltd boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,593,476 shares of the restaurant operator’s stock after purchasing an additional 258,781 shares during the period. Chipotle Mexican Grill accounts for about 2.4% of Intermede Investment Partners Ltd’s portfolio, making the stock its 21st biggest holding. Intermede Investment Partners Ltd owned about 0.12% of Chipotle Mexican Grill worth $58,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% in 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 in the last quarter. Centurion Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 3.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 260 shares in the last quarter. City State Bank increased its holdings in Chipotle Mexican Grill by 13.4% in the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 275 shares in the last quarter. Cromwell Holdings LLC increased its holdings in Chipotle Mexican Grill by 7.4% in the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 295 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its holdings in Chipotle Mexican Grill by 4.6% during the 4th 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. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of several recent research reports. KeyCorp cut their target price on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. TD Cowen reissued a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Weiss Ratings cut Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. DA Davidson assumed coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They issued a “buy” rating and a $51.00 price target for the company. Finally, Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Trading Down 0.1%

Shares of CMG stock opened at $32.84 on Monday. The stock has a 50-day moving average of $33.32 and a 200-day moving average of $35.24. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42. The stock has a market cap of $42.13 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.12 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

About Chipotle Mexican Grill

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.