Threadgill Financial LLC Buys Shares of 84,388 Chipotle Mexican Grill, Inc. $CMG

Key Points

• Threadgill Financial LLC has acquired 84,388 shares of Chipotle Mexican Grill, Inc., valued at approximately $4.7 million, making it the fund's 14th largest holding.
• Chipotle's most recent quarterly earnings report showed earnings per share of $0.33, slightly beating analysts' expectations, with a net margin of 13.32% and revenue of $3.06 billion.
• Several research firms have adjusted their price targets for Chipotle stock, with the average target crossing $59.76 and a majority of analysts maintaining a strong buy to buy ratings.

Threadgill Financial LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 84,388 shares of the restaurant operator's stock, valued at approximately $4,738,000. Chipotle Mexican Grill makes up about 2.5% of Threadgill Financial LLC's investment portfolio, making the stock its 14th largest holding.

Several other hedge funds also recently made changes to their positions in CMG. Vanguard Group Inc. boosted its stake in Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after buying an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Chipotle Mexican Grill by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after buying an additional 4,027,016 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 8.0% in the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock worth $1,632,092,000 after buying an additional 2,404,798 shares during the last quarter. American Century Companies Inc. grew its stake in Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after buying an additional 425,648 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Chipotle Mexican Grill by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator's stock worth $557,904,000 after buying an additional 833,760 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMG. BTIG Research reissued a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. BMO Capital Markets upgraded Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Guggenheim cut their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Finally, Wells Fargo & Company lowered their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $59.76.

Chipotle Mexican Grill Trading Up 0.9%

Shares of CMG stock traded up $0.36 during trading hours on Monday, hitting $39.68. The company's stock had a trading volume of 10,547,272 shares, compared to its average volume of 14,878,850. The company has a 50 day moving average of $43.88 and a 200 day moving average of $48.59. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The stock has a market cap of $53.20 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 2.00 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.