Moore Capital Management LP Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Moore Capital Management LP bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,422 shares of the restaurant operator's stock, valued at approximately $1,171,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC raised its stake in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $38,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMG. Loop Capital cut their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their target price for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Piper Sandler lowered their price target on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. TD Securities lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Wedbush lowered their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.74.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded up $0.28 during midday trading on Friday, reaching $52.32. 10,833,771 shares of the company were exchanged, compared to its average volume of 13,568,305. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The company has a market cap of $70.49 billion, a P/E ratio of 47.12, a PEG ratio of 2.04 and a beta of 1.11. The company's 50 day moving average price is $49.68 and its two-hundred day moving average price is $55.48.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm earned $13.37 EPS. The business's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.