Alliancebernstein L.P. Has $1.63 Billion Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Alliancebernstein L.P. has increased its stake in Chipotle Mexican Grill by 8.0% in Q1, now owning approximately 2.41% of the company, valued at around $1.63 billion.
• The stock recently reported $0.33 EPS, slightly beating estimates, while revenue for the quarter was $3.06 billion, showing a 3.0% year-over-year increase.
• Analysts have mixed forecasts with target prices ranging from $46 to $60, highlighting a consensus rating of "Moderate Buy" for Chipotle Mexican Grill.

Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 8.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 32,505,318 shares of the restaurant operator's stock after buying an additional 2,404,798 shares during the period. Chipotle Mexican Grill comprises approximately 0.6% of Alliancebernstein L.P.'s holdings, making the stock its 28th biggest position. Alliancebernstein L.P. owned 2.41% of Chipotle Mexican Grill worth $1,632,092,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Nuveen LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter valued at about $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the period. Goldman Sachs Group Inc. boosted its stake in Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the period. Montrusco Bolton Investments Inc. boosted its stake in Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 0.9%

Shares of NYSE CMG traded down $0.37 during midday trading on Friday, reaching $41.04. The company's stock had a trading volume of 21,999,135 shares, compared to its average volume of 15,741,330. The company has a 50 day moving average price of $47.35 and a 200 day moving average price of $49.59. Chipotle Mexican Grill, Inc. has a one year low of $40.73 and a one year high of $66.74. The company has a market cap of $55.03 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02.

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

Analyst Ratings Changes

CMG has been the subject of a number of analyst reports. Melius initiated coverage on shares of Chipotle Mexican Grill in a research note on Monday, July 14th. They set a "hold" rating and a $60.00 target price for the company. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Stephens restated an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Raymond James Financial dropped their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Finally, TD Securities restated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average target price of $59.93.

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.