Scott & Selber Inc. Has $3.22 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Scott & Selber Inc. boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 148.2% during the fourth quarter, Holdings Channel reports. The fund owned 86,885 shares of the restaurant operator’s stock after acquiring an additional 51,876 shares during the period. Scott & Selber Inc.’s holdings in Chipotle Mexican Grill were worth $3,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia boosted its position in Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after buying an additional 47,241 shares during the last quarter. Sarasin & Partners LLP raised its position in shares of Chipotle Mexican Grill by 1.1% during the third quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock worth $102,348,000 after acquiring an additional 27,366 shares during the last quarter. Rexford Capital Inc. raised its position in shares of Chipotle Mexican Grill by 3,266.1% during the third quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock worth $575,000 after acquiring an additional 14,240 shares during the last quarter. Union Bancaire Privee UBP SA lifted its stake in shares of Chipotle Mexican Grill by 76.3% during the third quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock valued at $13,333,000 after acquiring an additional 154,512 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Chipotle Mexican Grill by 34.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 283,407 shares of the restaurant operator’s stock valued at $11,044,000 after acquiring an additional 72,167 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.0%

NYSE:CMG opened at $33.36 on Tuesday. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42. The firm has a market capitalization of $43.44 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 2.05 and a beta of 1.00. The business’s 50-day moving average price is $37.34 and its two-hundred day moving average price is $37.14.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

CMG has been the subject of a number of research reports. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 26th. Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, Evercore reissued an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $47.47.

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.