Night Squared LP Buys Shares of 53,489 Chipotle Mexican Grill, Inc. $CMG

Night Squared LP bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,489 shares of the restaurant operator’s stock, valued at approximately $1,979,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Revolve Wealth Partners LLC increased its position in 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 valued at $290,000 after purchasing an additional 214 shares during the period. Bison Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $224,000. Empowered Funds LLC grew its position in shares of Chipotle Mexican Grill by 5.5% during the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after buying an additional 1,368 shares during the period. Osterweis Capital Management Inc. grew its position in shares of Chipotle Mexican Grill by 7,176.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after buying an additional 1,794 shares during the period. Finally, Ieq Capital LLC grew its position in shares of Chipotle Mexican Grill by 88.8% during the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after buying an additional 129,066 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.2%

Shares of CMG opened at $32.66 on Wednesday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $58.42. The business’s fifty day moving average is $32.73 and its 200 day moving average is $35.20. The stock has a market cap of $41.90 billion, a P/E ratio of 29.97, a P/E/G ratio of 2.11 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the business earned $0.29 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on CMG. Weiss Ratings downgraded shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, May 5th. Stephens raised their price objective on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $37.00 price objective on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. Twenty-four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.48.

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.