Guggenheim Capital LLC Has $32.43 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Guggenheim Capital LLC increased its stake in Chipotle Mexican Grill by 16.5%, owning 645,954 shares worth approximately $32.4 million after buying an additional 91,565 shares in Q1.
• Wall Street analysts show mixed ratings on Chipotle, with a consensus rating of "Moderate Buy" and an average target price of $60.22, while individual analysts' target prices range from $46 to $65.
• Chipotle reported earnings with a 0.33 EPS, exceeding estimates, but its revenue for the quarter was slightly below expectations at $3.06 billion.

Guggenheim Capital LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 16.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 645,954 shares of the restaurant operator's stock after purchasing an additional 91,565 shares during the period. Guggenheim Capital LLC's holdings in Chipotle Mexican Grill were worth $32,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after purchasing an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Chipotle Mexican Grill by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the last quarter. American Century Companies Inc. lifted its stake in Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock worth $1,037,471,000 after purchasing an additional 425,648 shares during the last quarter. Northern Trust Corp lifted its stake in Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after purchasing an additional 1,438,860 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $535,023,000. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of several recent research reports. Truist Financial cut their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Citigroup cut their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 target price for the company. TD Securities reaffirmed a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Finally, Melius initiated coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They set a "hold" rating and a $60.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.22.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $0.26 during mid-day trading on Friday, hitting $42.15. The company's stock had a trading volume of 14,787,525 shares, compared to its average volume of 16,434,424. The company's fifty day simple moving average is $48.64 and its 200-day simple moving average is $50.12. Chipotle Mexican Grill, Inc. has a 52 week low of $41.18 and a 52 week high of $66.74. The company has a market cap of $56.52 billion, a PE ratio of 37.64, a P/E/G ratio of 2.16 and a beta of 1.05.

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

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated 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 completion of the transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.81% of the stock is owned by insiders.

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.