Landscape Capital Management L.L.C. Buys New Stake in Chipotle Mexican Grill, Inc. $CMG

Landscape Capital Management L.L.C. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, HoldingsChannel reports. The fund bought 200,564 shares of the restaurant operator’s stock, valued at approximately $6,819,000.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. BlackRock Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at $4,417,475,000. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $711,837,000. Vanguard Group Inc. grew its stake in Chipotle Mexican Grill by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital World Investors grew its stake in Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after buying an additional 13,843,222 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in Chipotle Mexican Grill by 206.4% during the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after buying an additional 9,473,120 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Mizuho increased their price target on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. TD Cowen reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $38.00 to $35.00 in a research report on Friday, June 5th. Twenty-four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.16.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $36.84 on Friday. The stock has a 50-day moving average of $33.80 and a two-hundred day moving average of $33.99. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $43.72. The stock has a market cap of $46.62 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.25 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 EPS 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.