Interval Partners LP Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Interval Partners LP bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 859,214 shares of the restaurant operator's stock, valued at approximately $51,811,000. Chipotle Mexican Grill accounts for approximately 1.0% of Interval Partners LP's holdings, making the stock its 22nd biggest position. Interval Partners LP owned 0.06% of Chipotle Mexican Grill at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $31,000. Sound Income Strategies LLC increased its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after buying an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 3.2%

Shares of NYSE CMG traded up $1.61 during midday trading on Wednesday, reaching $52.26. The company's stock had a trading volume of 14,012,567 shares, compared to its average volume of 13,563,269. The stock has a 50 day simple moving average of $49.63 and a 200-day simple moving average of $55.54. The stock has a market capitalization of $70.41 billion, a price-to-earnings ratio of 47.07, a PEG ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on CMG. Wedbush decreased their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. TD Securities cut their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley lowered their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Royal Bank of Canada cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus target price of $61.74.

Chipotle Mexican Grill 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.