Fernbridge Capital Management LP Invests $37.51 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Fernbridge Capital Management LP purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 622,123 shares of the restaurant operator's stock, valued at approximately $37,514,000. Chipotle Mexican Grill makes up approximately 2.0% of Fernbridge Capital Management LP's investment portfolio, making the stock its 16th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Tortoise Investment Management LLC grew its holdings in shares of Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after acquiring an additional 176 shares in the last quarter. Traynor Capital Management Inc. increased its position in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after purchasing an additional 181 shares during the last quarter. BTC Capital Management Inc. raised its stake in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its stake in shares of Chipotle Mexican Grill by 4.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after buying an additional 218 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CMG shares. Royal Bank of Canada decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday. Barclays decreased their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price target for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target of $61.74.

Chipotle Mexican Grill Stock Down 0.4 %

Shares of NYSE CMG traded down $0.21 during midday trading on Thursday, reaching $50.31. 11,808,681 shares of the company were exchanged, compared to its average volume of 13,466,770. The stock's 50-day moving average price is $49.99 and its 200-day moving average price is $56.13. The stock has a market cap of $67.78 billion, a P/E ratio of 45.32, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26.

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