Chipotle Mexican Grill, Inc. $CMG Shares Purchased by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its stake in Chipotle Mexican Grill by 108.0% in the first quarter, owning 18,937 shares worth $951,000 at the end of the reporting period.
• Institutional investors own 91.30% of Chipotle's stock, with notable increases in stakes from several hedge funds during the fourth quarter.
• Chipotle reported $0.33 EPS for the latest quarter, beating estimates, despite revenues of $3.06 billion falling short of the forecast.

AlphaQuest LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 108.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,937 shares of the restaurant operator's stock after purchasing an additional 9,834 shares during the quarter. AlphaQuest LLC's holdings in Chipotle Mexican Grill were worth $951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $25,000. HighMark Wealth Management LLC grew its stake in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares in the last quarter. North Capital Inc. acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $30,000. ORG Wealth Partners LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $31,000. Finally, Mechanics Financial Corp acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $38,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group lifted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Raymond James Financial decreased their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Melius assumed coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 price target for the company. TD Cowen decreased their price target on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Citigroup decreased their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.22.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider owned 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.81% of the stock is owned by company insiders.

Chipotle Mexican Grill Trading Down 0.5%

Shares of Chipotle Mexican Grill stock traded down $0.23 on Tuesday, hitting $42.52. The stock had a trading volume of 18,585,710 shares, compared to its average volume of 14,211,598. Chipotle Mexican Grill, Inc. has a 52-week low of $41.18 and a 52-week high of $66.74. The stock has a market cap of $57.01 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.22 and a beta of 1.05. The company's 50 day moving average price is $49.40 and its 200 day moving average price is $50.43.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its 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 business 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 business earned $0.34 EPS. The business's quarterly revenue was up 3.0% on a year-over-year basis. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.