Marathon Trading Investment Management LLC Acquires 25,857 Shares of Chipotle Mexican Grill, Inc. $CMG

Marathon Trading Investment Management LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 59.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,698 shares of the restaurant operator’s stock after purchasing an additional 25,857 shares during the period. Chipotle Mexican Grill makes up 0.1% of Marathon Trading Investment Management LLC’s portfolio, making the stock its 24th largest position. Marathon Trading Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $2,579,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CMG. Capital World Investors lifted its stake in Chipotle Mexican Grill by 122.7% in the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill in the fourth quarter worth $711,837,000. Vanguard Group Inc. lifted its stake in Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after purchasing an additional 18,660,882 shares during the last quarter. Capital International Investors lifted its stake in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after purchasing an additional 11,471,658 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Chipotle Mexican Grill by 206.4% in the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after purchasing an additional 9,473,120 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.1%

CMG stock opened at $32.20 on Monday. The firm’s 50-day moving average price is $32.75 and its two-hundred day moving average price is $35.22. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $58.42. The stock has a market capitalization of $41.30 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.07 and a beta of 0.99.

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 analysts’ consensus estimates 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 analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMG. Weiss Ratings downgraded shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, May 5th. Morgan Stanley set a $37.00 price objective on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Stephens boosted their price objective on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, BTIG Research restated a “buy” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.48.

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.