DoubleLine ETF Adviser LP Takes Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• DoubleLine ETF Adviser LP acquired 32,006 shares of Chipotle Mexican Grill, valued at approximately $1,607,000, during the 1st quarter.
• Chipotle reported earnings of $0.33 per share for the last quarter, beating analyst expectations despite revenues of $3.06 billion falling slightly below predictions.
• Institutional investors and hedge funds own 91.30% of Chipotle's stock, with various firms adjusting their positions significantly in recent quarters.

DoubleLine ETF Adviser LP bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,006 shares of the restaurant operator's stock, valued at approximately $1,607,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Revolve Wealth Partners LLC lifted its position 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 acquiring an additional 214 shares in the last quarter. Csenge Advisory Group lifted its position in shares of Chipotle Mexican Grill by 5.0% in the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after acquiring an additional 220 shares in the last quarter. Money Concepts Capital Corp lifted its position in shares of Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after acquiring an additional 221 shares in the last quarter. Northwest Bank & Trust Co lifted its position in shares of Chipotle Mexican Grill by 0.5% in the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after acquiring an additional 236 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Chipotle Mexican Grill by 5.3% in the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock valued at $240,000 after acquiring an additional 242 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMG. BTIG Research restated a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 price objective on the stock in a research report on Wednesday. Stephens restated an "equal weight" rating and issued a $60.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Raymond James Financial lowered their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 15th. Finally, Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Two research 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 company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average price target of $59.93.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded down $0.37 during trading hours on Friday, hitting $41.04. The stock had a trading volume of 21,999,135 shares, compared to its average volume of 15,741,330. The firm has a market cap of $55.03 billion, a P/E ratio of 36.64, a P/E/G ratio of 2.09 and a beta of 1.02. The company's fifty day simple moving average is $47.35 and its 200 day simple moving average is $49.56. Chipotle Mexican Grill, Inc. has a 12-month low of $40.73 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.34 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.

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.