IFP Advisors Inc Increases Position in Chipotle Mexican Grill, Inc. $CMG

IFP Advisors Inc grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 31.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 64,488 shares of the restaurant operator’s stock after buying an additional 15,270 shares during the period. IFP Advisors Inc’s holdings in Chipotle Mexican Grill were worth $2,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CMG. Capital World Investors raised its holdings in shares of Chipotle Mexican Grill by 122.7% in the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after buying an additional 48,398,628 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital International Investors raised its holdings in shares of Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Chipotle Mexican Grill by 24.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock valued at $448,084,000 after buying an additional 2,265,122 shares during the last quarter. Finally, Samlyn Capital LLC raised its holdings in shares of Chipotle Mexican Grill by 128.4% in the third quarter. Samlyn Capital LLC now owns 3,843,687 shares of the restaurant operator’s stock valued at $150,634,000 after buying an additional 2,160,598 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research reports. Wall Street Zen raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings lowered shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Guggenheim dropped their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Barclays dropped their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Finally, KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Twenty-four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.03.

Chipotle Mexican Grill Stock Up 0.1%

Shares of Chipotle Mexican Grill stock opened at $32.84 on Friday. The company’s 50-day simple moving average is $33.32 and its 200-day simple moving average is $35.22. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42. The firm has a market cap of $42.13 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Chipotle Mexican Grill Company 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.