Entropy Technologies LP Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Entropy Technologies LP increased its stake in Chipotle Mexican Grill by 1,071.3%, acquiring 115,900 additional shares, bringing its total to 126,719 shares valued at approximately $6.36 million.
• Several other institutional investors also raised their positions in Chipotle, with 91.31% of the company's stock now owned by institutional investors.
• Analysts have mixed ratings for Chipotle, with 19 buy ratings, 9 hold ratings, and 1 strong buy, while the consensus target price is $60.71.

Entropy Technologies LP raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1,071.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,719 shares of the restaurant operator's stock after buying an additional 115,900 shares during the quarter. Chipotle Mexican Grill accounts for 0.6% of Entropy Technologies LP's holdings, making the stock its 28th biggest holding. Entropy Technologies LP's holdings in Chipotle Mexican Grill were worth $6,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC grew its holdings in shares of 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. Bank Pictet & Cie Europe AG raised its position in shares of Chipotle Mexican Grill by 22.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after acquiring an additional 279,267 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Chipotle Mexican Grill by 49.3% during the fourth quarter. Advisory Services Network LLC now owns 36,043 shares of the restaurant operator's stock worth $2,173,000 after acquiring an additional 11,902 shares during the last quarter. Scotia Capital Inc. raised its position in shares of Chipotle Mexican Grill by 1.8% during the fourth quarter. Scotia Capital Inc. now owns 40,166 shares of the restaurant operator's stock worth $2,422,000 after acquiring an additional 700 shares during the last quarter. Finally, Argent Trust Co raised its position in shares of Chipotle Mexican Grill by 7.5% during the fourth quarter. Argent Trust Co now owns 14,400 shares of the restaurant operator's stock worth $868,000 after acquiring an additional 1,000 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $0.18 during trading hours on Monday, hitting $41.62. The company's stock had a trading volume of 17,510,152 shares, compared to its average volume of 21,723,508. The business has a 50 day moving average price of $51.21 and a two-hundred day moving average price of $51.57. Chipotle Mexican Grill, Inc. has a 12-month low of $41.18 and a 12-month high of $66.74. The company has a market cap of $55.81 billion, a PE ratio of 37.16, a PEG ratio of 2.11 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $0.34 earnings per share. The business's revenue was up 3.0% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Raymond James Financial reaffirmed an "outperform" rating and set a $60.00 price target (down previously from $62.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. TD Cowen decreased their price objective on 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. Finally, Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average price target of $60.71.

About Chipotle Mexican Grill

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.