Chipotle Mexican Grill, Inc. $CMG Holdings Raised by Teca Partners LP

Teca Partners LP lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 50.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 484,632 shares of the restaurant operator’s stock after purchasing an additional 162,500 shares during the quarter. Chipotle Mexican Grill accounts for 10.7% of Teca Partners LP’s portfolio, making the stock its 5th largest position. Teca Partners LP’s holdings in Chipotle Mexican Grill were worth $15,513,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. MV Capital Management Inc. purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $28,000. Merkkuri Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $28,000. Finally, Ankerstar Wealth LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. Stephens raised their price target on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. TD Cowen reiterated a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Raymond James Financial decreased their target price on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Finally, Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Twenty-three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $33.21 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $46.61. The company has a market capitalization of $42.60 billion, a P/E ratio of 30.47, a PEG ratio of 2.08 and a beta of 0.97. The stock has a 50-day simple moving average of $32.61 and a 200-day simple moving average of $34.68.

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

About Chipotle Mexican Grill

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.