Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its Chipotle stake by 833.5% in the second quarter, acquiring 645,944 additional shares and bringing its total holdings to 723,446 shares worth approximately $24.6 million.
• Chipotle reported quarterly revenue of $3.35 billion and earnings of $0.33 per share, both slightly ahead of analyst expectations; revenue rose 9.3% year over year.
• Wall Street remains broadly positive, with 23 analysts rating the stock a Buy and 10 assigning a Hold rating. The consensus rating is “Moderate Buy”, with an average price target of $43.84.

Engineers Gate Manager LP lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 833.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,446 shares of the restaurant operator's stock after purchasing an additional 645,944 shares during the period. Engineers Gate Manager LP owned about 0.06% of Chipotle Mexican Grill worth $24,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Revolve Wealth Partners LLC increased its position in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Groupama Asset Managment lifted its stake in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator's stock valued at $568,000 after buying an additional 291 shares during the period. Catalyst Financial Partners LLC boosted its position in Chipotle Mexican Grill by 4.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator's stock worth $250,000 after acquiring an additional 298 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Chipotle Mexican Grill by 2.5% during the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator's stock worth $407,000 after acquiring an additional 311 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in Chipotle Mexican Grill by 14.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator's stock worth $93,000 after acquiring an additional 316 shares during the period. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $36.01 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $42.81. The firm's fifty day moving average price is $35.08 and its 200 day moving average price is $33.90. The company has a market capitalization of $45.56 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the company posted $0.33 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.15 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares of the company's stock, valued at $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Raymond James Financial reissued an "outperform" rating and set a $42.50 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Evercore reiterated an "outperform" rating and issued a $47.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Argus increased their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Citigroup decreased their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, July 13th. Finally, Stephens restated a "positive" rating and issued a $40.00 price target (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Twenty-three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.84.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that operates restaurants under the Chipotle Mexican Grill brand. Its menu centers on customizable Mexican-inspired food, including burritos, bowls, tacos and salads, along with sides, beverages and children's meals.

The company emphasizes cooking with responsibly sourced ingredients and preparing food in its restaurants. Customers can order meals in person, through digital ordering channels, for pickup or delivery. Chipotle serves customers primarily in the United States, with additional restaurants in Canada, the United Kingdom, France and Germany.

Chipotle was founded in 1993 by Steve Ells in Denver, Colorado.

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