Generate Investment Management Ltd Takes $7.83 Million Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Generate Investment Management Ltd has acquired a new position in Chipotle Mexican Grill, purchasing 139,409 shares valued at approximately $7.83 million in the second quarter.
• Chipotle's recent earnings report showed earnings per share of $0.33, surpassing analyst expectations, although revenue of $3.06 billion fell short of the consensus estimate.
• Chipotle's stock has received a mix of ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $59.76.

Generate Investment Management Ltd acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 139,409 shares of the restaurant operator's stock, valued at approximately $7,828,000.

Other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $25,000. Saudi Central Bank bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at $27,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $27,000. Signature Resources Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the second quarter worth $28,000. Finally, HighMark Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 1.9%

Shares of CMG stock opened at $40.06 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The business's 50 day moving average is $42.47 and its two-hundred day moving average is $48.24. The company has a market capitalization of $53.72 billion, a P/E ratio of 35.77, a P/E/G ratio of 2.04 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during 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 business's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of several analyst reports. Stephens restated an "equal weight" rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, September 11th. Redburn Atlantic began coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Citigroup cut their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Finally, TD Cowen reissued a "buy" rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $59.76.

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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