Capital World Investors Boosts Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Capital World Investors increased its Chipotle stake by 122.7% in Q3, adding 48,398,628 shares to hold 87,844,788 shares (about 6.64% of the company) valued at roughly $3.44 billion.
• Chipotle slightly beat Q results—$0.25 EPS vs. $0.24 expected and $2.98B revenue vs. $2.96B—with revenue up 4.9% YoY, and analysts hold a consensus "Moderate Buy" rating with an average price target of $47.37.
• The stock trades with a market cap of $46.01 billion and a PE of 30.99, a 12‑month range of $29.75–$58.42, and about 91.3% of shares are institutionally owned.

Capital World Investors raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 122.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,844,788 shares of the restaurant operator's stock after buying an additional 48,398,628 shares during the quarter. Capital World Investors owned about 6.64% of Chipotle Mexican Grill worth $3,442,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Operose Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth $25,000. Salomon & Ludwin LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at $26,000. Lavaca Capital LLC bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $29,000. Finally, Murphy & Mullick Capital Management Corp grew its position in shares of Chipotle Mexican Grill by 106.7% during the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Trading Down 0.1%

Chipotle Mexican Grill stock opened at $35.33 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42. The firm has a 50-day moving average price of $38.33 and a 200-day moving average price of $37.77. The firm has a market capitalization of $46.01 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMG. Argus reiterated a "hold" rating on shares of Chipotle Mexican Grill in a research report on Thursday, February 5th. Barclays reduced their price objective on Chipotle Mexican Grill from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 4th. BTIG Research reissued a "buy" rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Evercore reaffirmed an "outperform" rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Finally, Stephens reissued an "equal weight" rating and issued a $35.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $47.37.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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