Gordian Capital Singapore Pte Ltd Makes New $1.13 Million Investment in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Gordian Capital Singapore Pte Ltd has made a new investment of approximately $1.13 million in Chipotle Mexican Grill, Inc., acquiring 22,600 shares during the first quarter.
• Several hedge funds and institutional investors have also increased their stakes in Chipotle, with 91.30% of the stock being owned by such entities.
• Analyst ratings for Chipotle have shown mixed reviews, with target prices ranging from $60 to $68, indicating a generally cautious outlook amidst varying recommendations.

Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 22,600 shares of the restaurant operator's stock, valued at approximately $1,128,000.

Several other institutional investors have also modified their holdings of CMG. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $25,000. HighMark Wealth Management LLC lifted its position in 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 acquiring an additional 371 shares during the last quarter. North Capital Inc. purchased a new stake in Chipotle Mexican Grill in the first quarter valued at $30,000. ORG Wealth Partners LLC purchased a new stake in Chipotle Mexican Grill in the first quarter valued at $31,000. Finally, Mechanics Financial Corp purchased a new stake in Chipotle Mexican Grill in the first quarter valued at $38,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.6%

Shares of Chipotle Mexican Grill stock traded down $0.26 on Monday, reaching $42.15. 14,787,525 shares of the stock were exchanged, compared to its average volume of 16,218,019. Chipotle Mexican Grill, Inc. has a 1-year low of $41.18 and a 1-year high of $66.74. The business has a fifty day moving average price of $48.64 and a two-hundred day moving average price of $50.01. The firm has a market capitalization of $56.52 billion, a PE ratio of 37.64, a PEG ratio of 2.14 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The business's revenue was up 3.0% compared to the same quarter last year. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Guggenheim reduced their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Stephens reissued an "equal weight" rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target for the company. UBS Group boosted their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Melius began coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $60.22.

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.