Chipotle Mexican Grill, Inc. $CMG Shares Bought by Gagnon Securities LLC

Gagnon Securities LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 30.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 156,975 shares of the restaurant operator’s stock after purchasing an additional 36,580 shares during the quarter. Chipotle Mexican Grill accounts for 1.2% of Gagnon Securities LLC’s investment portfolio, making the stock its 25th largest position. Gagnon Securities LLC’s holdings in Chipotle Mexican Grill were worth $5,808,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in shares of Chipotle Mexican Grill by 122.7% in the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $711,837,000. Vanguard Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 14.8% in the 4th 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 period. Capital International Investors raised its holdings in shares of 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 valued at $1,509,043,000 after buying an additional 11,471,658 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in shares of Chipotle Mexican Grill by 206.4% in the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after buying an additional 9,473,120 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 3.0%

Shares of NYSE CMG opened at $32.20 on Friday. The stock has a market cap of $41.30 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $58.42. The business has a 50-day moving average price of $32.75 and a 200 day moving average price of $35.19.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Guggenheim cut their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Stephens boosted their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, BNP Paribas Exane upped their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.48.

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.