Graham Capital Management L.P. Acquires New Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Graham Capital Management L.P. has acquired a new stake in Chipotle Mexican Grill during the 1st quarter, purchasing 97,006 shares worth approximately $4.87 million.
• Several other institutional investors have also increased or established new positions in Chipotle, which currently has 91.30% of its stock owned by institutional investors and hedge funds.
• Analysts have mixed ratings on Chipotle's stock, with a consensus rating of "Moderate Buy" and a price target averaging $60.22.

Graham Capital Management L.P. purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 97,006 shares of the restaurant operator's stock, valued at approximately $4,871,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $27,000. HighMark Wealth Management LLC lifted its position in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after buying an additional 371 shares in the last quarter. North Capital Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 91.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CMG shares. Stephens restated an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target on the stock. Citigroup dropped their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Finally, Barclays dropped their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus target price of $60.04.

Chipotle Mexican Grill Trading Up 0.0%

CMG stock traded up $0.02 during trading on Wednesday, hitting $41.77. 11,879,763 shares of the stock traded hands, compared to its average volume of 14,225,966. Chipotle Mexican Grill, Inc. has a one year low of $41.18 and a one year high of $66.74. The stock has a market cap of $56.00 billion, a price-to-earnings ratio of 37.29, a P/E/G ratio of 2.14 and a beta of 1.02. The company has a 50 day simple moving average of $48.15 and a 200 day simple moving average of $49.85.

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