Tobam Has $392,000 Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Tobam lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 83.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,003 shares of the restaurant operator’s stock after selling 51,934 shares during the quarter. Tobam’s holdings in Chipotle Mexican Grill were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Operose Advisors LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth $25,000. Lavaca Capital LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $34,000. Evolution Wealth Management Inc. bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $34,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $26,000. 91.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of several recent research reports. Raymond James Financial increased their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Argus reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Thursday, February 5th. Finally, TD Cowen reiterated a “buy” rating and issued a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Twenty-two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.24.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $36.28 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The company has a market capitalization of $47.25 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.22 and a beta of 0.99. The company has a 50-day simple moving average of $38.13 and a 200 day simple moving average of $38.42.

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