31,801 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,801 shares of the restaurant operator’s stock, valued at approximately $1,075,000.

Other hedge funds have also recently made changes to their positions in the company. Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the period. Bison Wealth LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at $224,000. Empowered Funds LLC grew its position in Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after buying an additional 1,368 shares during the period. Osterweis Capital Management Inc. increased its holdings in Chipotle Mexican Grill by 7,176.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after buying an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC increased its holdings in Chipotle Mexican Grill by 88.8% in the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after buying an additional 129,066 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMG. Evercore reiterated an “outperform” rating and set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. BNP Paribas Exane increased their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Argus lifted their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Mizuho boosted their price target on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Twenty-four investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.16.

Chipotle Mexican Grill Stock Down 1.2%

Shares of NYSE:CMG opened at $33.36 on Wednesday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $43.99. The stock has a market cap of $42.22 billion, a P/E ratio of 30.61, a PEG ratio of 2.13 and a beta of 0.94. The business has a fifty day moving average of $33.55 and a two-hundred day moving average of $34.03.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share 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.