Twinbeech Capital LP Has $52.62 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Twinbeech Capital LP lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 222.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 872,695 shares of the restaurant operator's stock after acquiring an additional 602,453 shares during the period. Chipotle Mexican Grill makes up 0.9% of Twinbeech Capital LP's portfolio, making the stock its 29th largest holding. Twinbeech Capital LP owned approximately 0.06% of Chipotle Mexican Grill worth $52,624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $371,000. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC boosted its stake in Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock worth $900,000 after buying an additional 9,070 shares in the last quarter. Vinva Investment Management Ltd boosted its stake in Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after buying an additional 21,864 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth $715,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Analysts Set New Price Targets

CMG has been the topic of a number of recent research reports. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their target price for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Robert W. Baird reduced their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average target price of $61.74.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded down $0.04 during trading hours on Thursday, reaching $50.75. 9,735,182 shares of the company's stock were exchanged, compared to its average volume of 13,526,418. The company's 50-day moving average is $49.84 and its two-hundred day moving average is $55.32. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The company has a market capitalization of $68.38 billion, a price-to-earnings ratio of 45.71, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the prior year, the business earned $13.37 EPS. Chipotle Mexican Grill's revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts predict 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.