Chipotle Mexican Grill, Inc. $CMG Stock Position Increased by Armistice Capital LLC

Key Points

• Armistice Capital LLC increased its stake in Chipotle Mexican Grill by 14.1% during the first quarter, owning 114,000 shares worth around $5.7 million.
• Chipotle reported a quarterly earnings per share (EPS) of $0.33, slightly beating estimates, with revenue of $3.06 billion, which is a 3% year-over-year increase.
• Recent analyst ratings indicate a mixed sentiment, with target prices decreasing; Robert W. Baird lowered its target from $62 to $59 while others also adjusted their projections downwards.

Armistice Capital LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,000 shares of the restaurant operator's stock after purchasing an additional 14,131 shares during the quarter. Armistice Capital LLC's holdings in Chipotle Mexican Grill were worth $5,724,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CMG. Revolve Wealth Partners LLC increased its stake in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the period. Bank Pictet & Cie Europe AG increased its stake in Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $5,470,000. Bison Wealth LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $224,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in Chipotle Mexican Grill by 51.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 195,887 shares of the restaurant operator's stock valued at $11,812,000 after purchasing an additional 66,675 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMG. Barclays dropped their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. UBS Group boosted their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Citigroup lowered their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Finally, Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $53.00 to $50.00 in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $60.04.

Chipotle Mexican Grill Stock Up 0.0%

Shares of Chipotle Mexican Grill stock traded up $0.02 during trading hours on Wednesday, hitting $41.77. The company's stock had a trading volume of 11,879,763 shares, compared to its average volume of 14,225,966. Chipotle Mexican Grill, Inc. has a 1-year low of $41.18 and a 1-year high of $66.74. The business has a fifty day moving average of $48.15 and a 200 day moving average of $49.85. The company has a market capitalization of $56.00 billion, a PE ratio of 37.29, a P/E/G ratio of 2.14 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The business's quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side 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.