Baader Bank Aktiengesellschaft Invests $442,000 in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Baader Bank Aktiengesellschaft has acquired 8,202 shares of Chipotle Mexican Grill, valued at approximately $442,000, marking its new investment in the company during the second quarter.
• Institutional investors currently own 91.30% of Chipotle's stock, with multiple hedge funds significantly increasing their stakes in the first quarter.
• Chipotle Mexican Grill's latest quarterly earnings showed a revenue of $3.06 billion and an EPS of $0.33, beating analysts' estimates by $0.01.

Baader Bank Aktiengesellschaft acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,202 shares of the restaurant operator's stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CMG. Revolve Wealth Partners LLC increased its holdings in shares of 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 in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Chipotle Mexican Grill by 22.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after acquiring an additional 279,267 shares during the period. Bison Wealth LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth $224,000. Waverly Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth $1,310,000. Finally, Continuum Advisory LLC grew its holdings in Chipotle Mexican Grill by 17.4% during the 4th quarter. Continuum Advisory LLC now owns 1,681 shares of the restaurant operator's stock worth $101,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CMG. Barclays lowered their target price on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Redburn Atlantic began coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 target price for the company. TD Cowen reaffirmed a "buy" rating and set a $58.00 target price on shares of Chipotle Mexican Grill in a report on Friday. Stephens reissued an "equal weight" rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, September 11th. Finally, Citigroup decreased their price target 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. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.76.

Chipotle Mexican Grill Stock Performance

CMG traded down $0.51 on Friday, reaching $39.30. The company had a trading volume of 36,393,078 shares, compared to its average volume of 18,575,692. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The stock has a market cap of $52.70 billion, a P/E ratio of 35.09, a P/E/G ratio of 2.00 and a beta of 1.02. The company's fifty day moving average is $43.88 and its 200 day moving average is $48.61.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating 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 analyst estimates of $3.11 billion. During the same quarter in the prior year, the business earned $0.34 EPS. Chipotle Mexican Grill's quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill 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.