Edgestream Partners L.P. Has $8.13 Million Position in Chipotle Mexican Grill, Inc. $CMG

Edgestream Partners L.P. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 253,875 shares of the restaurant operator’s stock after buying an additional 38,657 shares during the quarter. Edgestream Partners L.P.’s holdings in Chipotle Mexican Grill were worth $8,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 World Investors raised its stake in Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after buying an additional 13,843,222 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Chipotle Mexican Grill by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after buying an additional 9,237,720 shares during the period. Capital International Investors boosted its holdings in Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after acquiring an additional 6,796,285 shares in the last quarter. Finally, Norges Bank bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $711,837,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill News Roundup

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Quarterly results beat expectations: Chipotle reported adjusted earnings of $0.33 per share, above the $0.32 consensus estimate, while revenue rose 9.3% year over year to $3.35 billion, slightly exceeding expectations. Chipotle: Q2 Earnings Snapshot
• Positive Sentiment: Comparable sales momentum improved: Comparable restaurant sales grew 2.2%, marking a second consecutive quarter of improving transaction trends. Value offers, menu updates and the company’s “Recipe for Growth” strategy helped attract diners in a competitive market. Chipotle raises annual sales forecast
• Positive Sentiment: Full-year outlook was raised: Chipotle increased its comparable-sales guidance, signaling that management expects the second-quarter improvement to continue. The company also opened 100 restaurants during the quarter, supporting long-term revenue growth. Chipotle raises full-year comparable sales guidance
• Neutral Sentiment: Food-safety concerns may be temporary: The company said it was not involved in the reported cyclospora outbreak, although fears related to a lettuce-linked illness reportedly reduced traffic in the second half of July. Chipotle lifts its sales forecast despite outbreak concerns
• Negative Sentiment: Margins remain a risk: Although sales and earnings exceeded estimates, investors continue to monitor labor costs, restaurant-level margins and whether late-July traffic softness persists. Chipotle’s earnings were roughly flat from the prior-year quarter at $0.33 per share. Chipotle stock rises after earnings edge past estimates

Chipotle Mexican Grill Trading Up 2.4%

Shares of CMG opened at $34.32 on Thursday. The stock has a 50 day moving average of $32.65 and a 200 day moving average of $34.61. The company has a market capitalization of $44.02 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 2.19 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $44.54.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 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 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

CMG has been the subject of several recent research reports. BTIG Research restated a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Morgan Stanley set a $37.00 price objective on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, May 5th. Finally, Raymond James Financial decreased their target price on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Twenty-three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.