Polianta Ltd Takes $1.41 Million Position in Chipotle Mexican Grill, Inc. $CMG

Polianta Ltd purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,900 shares of the restaurant operator’s stock, valued at approximately $1,406,000.

A number of other hedge funds have also recently bought and sold shares of the business. Operose Advisors LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth $25,000. Saudi Central Bank acquired a new position in Chipotle Mexican Grill in the first quarter worth about $27,000. 1248 Management LLC acquired a new position in Chipotle Mexican Grill in the first quarter worth about $27,000. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill in the second quarter valued at about $28,000. Finally, Lavaca Capital LLC acquired a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $37.83 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $62.11. The firm has a market capitalization of $50.02 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 3.87 and a beta of 0.99. The stock has a fifty day moving average of $34.92 and a two-hundred day moving average of $42.10.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday. Truist Financial dropped their price objective on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Raymond James Financial restated an “outperform” rating and issued a $40.00 target price (down from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Finally, Stifel Nicolaus lowered their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

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.