Polar Asset Management Partners Inc. Makes New $1.46 Million Investment in Chipotle Mexican Grill, Inc. $CMG

Polar Asset Management Partners Inc. bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 45,537 shares of the restaurant operator’s stock, valued at approximately $1,458,000.

Several other institutional investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares in the last quarter. Centurion Wealth Management LLC grew its holdings in Chipotle Mexican Grill by 3.1% during the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 260 shares in the last quarter. City State Bank grew its holdings in Chipotle Mexican Grill by 13.4% during the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 275 shares in the last quarter. Groupama Asset Managment increased its position in Chipotle Mexican Grill by 1.9% during the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after purchasing an additional 291 shares during the period. Finally, Cromwell Holdings LLC increased its position in Chipotle Mexican Grill by 7.4% during the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 295 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 4.5%

NYSE:CMG opened at $33.21 on Tuesday. The stock has a market capitalization of $42.60 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.08 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $46.61. The firm has a 50 day moving average of $32.61 and a 200 day moving average of $34.68.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business 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 business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMG. BTIG Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Stephens boosted their price objective on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Barclays dropped their target price on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Finally, Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, May 5th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.86.

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.