Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Chipotle Mexican Grill by 18.2%, acquiring a total of 225,946 shares valued at approximately $11.35 million.
• Chipotle's most recent earnings report showed an EPS of $0.33, surpassing estimates, although revenue fell slightly short of expectations at $3.06 billion.
• Analysts maintain a generally favorable outlook for Chipotle, with the average target price set at $60.22 and a consensus rating of "Moderate Buy."

Quantbot Technologies LP boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 18.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,946 shares of the restaurant operator's stock after buying an additional 34,871 shares during the quarter. Quantbot Technologies LP's holdings in Chipotle Mexican Grill were worth $11,345,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Chipotle Mexican Grill by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock worth $450,868,000 after buying an additional 491,002 shares in the last quarter. Banco Santander S.A. lifted its holdings in Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock worth $1,595,000 after buying an additional 10,246 shares in the last quarter. Community Trust & Investment Co. acquired a new position in Chipotle Mexican Grill in the 1st quarter worth $7,773,000. LPL Financial LLC raised its stake in shares of Chipotle Mexican Grill by 4.3% in the 1st quarter. LPL Financial LLC now owns 1,276,359 shares of the restaurant operator's stock valued at $64,086,000 after purchasing an additional 52,937 shares in the last quarter. Finally, Jefferies Financial Group Inc. raised its stake in shares of Chipotle Mexican Grill by 525.5% in the 1st quarter. Jefferies Financial Group Inc. now owns 102,236 shares of the restaurant operator's stock valued at $5,133,000 after purchasing an additional 85,892 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Trading Up 2.0%

NYSE CMG opened at $44.04 on Monday. 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 $59.05 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The company has a 50-day moving average price of $50.37 and a two-hundred day moving average price of $51.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. 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 13.32% and a return on equity of 43.50%. The firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. Chipotle Mexican Grill's quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMG. TD Cowen cut their target price on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. UBS Group upped their target price on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. cut their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Finally, Morgan Stanley cut their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $60.22.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.02% of the company's stock.

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.

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