8,762 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC has made a new investment in Chipotle Mexican Grill, acquiring 8,762 shares valued at approximately $440,000.
• Institutional investors and hedge funds now own 91.30% of Chipotle's stock, indicating strong institutional interest.
• Chipotle's recent earnings report showed revenue of $3.06 billion for the quarter, slightly below the consensus estimate of $3.11 billion, with earnings per share beating estimates by one cent.

Magnetar Financial LLC purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,762 shares of the restaurant operator's stock, valued at approximately $440,000.

A number of other institutional investors also recently added to or reduced their stakes in CMG. Vanguard Group Inc. grew its holdings in Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after acquiring an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of 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 purchasing an additional 425,648 shares in the last quarter. Nuveen LLC purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $535,023,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Chipotle Mexican Grill by 24.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after purchasing an additional 2,006,338 shares during the period. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Down 1.4%

Shares of CMG traded down $0.60 on Thursday, hitting $41.20. 9,743,053 shares of the stock traded hands, compared to its average volume of 14,195,089. Chipotle Mexican Grill, Inc. has a 1 year low of $41.03 and a 1 year high of $66.74. The stock's 50 day moving average is $47.88 and its two-hundred day moving average is $49.79. The firm has a market capitalization of $55.24 billion, a P/E ratio of 36.78, a P/E/G ratio of 2.14 and a beta of 1.02.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CMG shares. Citigroup dropped their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Stephens reaffirmed an "equal weight" rating and issued a $60.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Redburn Atlantic began coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target for the company. TD Securities reaffirmed a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Finally, Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $60.04.

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.