Moran Wealth Management LLC Raises Position in Chipotle Mexican Grill, Inc. $CMG

Moran Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 56.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 470,214 shares of the restaurant operator’s stock after purchasing an additional 168,834 shares during the quarter. Moran Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $17,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors lifted its position in Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after buying an additional 48,398,628 shares during the period. Capital International Investors boosted its stake in Chipotle Mexican Grill by 42.4% in the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. Vanguard Group Inc. grew its holdings in Chipotle Mexican Grill by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after buying an additional 2,470,213 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Chipotle Mexican Grill by 24.7% in the 3rd 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 period. Finally, Samlyn Capital LLC increased its stake in shares of Chipotle Mexican Grill by 128.4% during the 3rd quarter. Samlyn Capital LLC now owns 3,843,687 shares of the restaurant operator’s stock valued at $150,634,000 after acquiring an additional 2,160,598 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.8%

Chipotle Mexican Grill stock opened at $35.71 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42. The firm has a fifty day moving average of $34.97 and a 200-day moving average of $36.37. The firm has a market capitalization of $46.51 billion, a P/E ratio of 31.32, a PEG ratio of 2.15 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Telsey Advisory Group cut their price objective on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Sanford C. Bernstein boosted their target price on shares of Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Barclays dropped their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. Finally, Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $49.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday. Twenty-four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $47.13.

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.