Volterra Technologies LP Takes Position in Chipotle Mexican Grill, Inc. $CMG

Volterra Technologies LP acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,158 shares of the restaurant operator’s stock, valued at approximately $1,188,000. Chipotle Mexican Grill comprises about 0.2% of Volterra Technologies LP’s holdings, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at approximately $1,001,668,000. Sustainable Growth Advisers LP acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at approximately $597,031,000. Price T Rowe Associates Inc. MD boosted its position in Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Alliancebernstein L.P. grew its stake in Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after buying an additional 2,404,798 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Chipotle Mexican Grill by 2,705.6% in the second quarter. Marshall Wace LLP now owns 2,126,682 shares of the restaurant operator’s stock worth $119,413,000 after buying an additional 2,050,882 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.6%

Shares of Chipotle Mexican Grill stock opened at $33.95 on Thursday. The business has a fifty day simple moving average of $35.85 and a 200-day simple moving average of $43.11. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $66.74. The firm has a market cap of $44.89 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 3.44 and a beta of 0.99.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMG. Evercore ISI reduced their price target on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research note on Monday. Morgan Stanley reduced their price objective on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $40.00 price objective (down from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Company 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.