Chipotle Mexican Grill, Inc. $CMG Shares Bought by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 42.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 163,838 shares of the restaurant operator’s stock after purchasing an additional 48,447 shares during the period. Chipotle Mexican Grill accounts for about 4.4% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 6th biggest position. Savoir Faire Capital Management L.P.’s holdings in Chipotle Mexican Grill were worth $9,200,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $25,000. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $27,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $28,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of several analyst reports. Rothschild Redb raised shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Rothschild & Co Redburn raised shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, September 3rd. Robert W. Baird reduced their price objective on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Royal Bank Of Canada reduced their price objective on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.97.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $32.61 on Friday. The company has a market capitalization of $43.73 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a one year low of $31.01 and a one year high of $66.74. The company’s fifty day moving average price is $40.60 and its 200 day moving average price is $46.79.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.