Ieq Capital LLC Has $7.30 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Ieq Capital LLC has increased its stake in Chipotle Mexican Grill by 13.2%, now holding approximately $7.30 million in shares.
• Chipotle reported $0.33 EPS for the last quarter, slightly beating estimates, but its revenue fell short of expectations at $3.06 billion.
• Institutional investors and hedge funds now own 91.30% of Chipotle's stock, indicating strong interest from major financial entities.

Ieq Capital LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,309 shares of the restaurant operator's stock after acquiring an additional 16,928 shares during the quarter. Ieq Capital LLC's holdings in Chipotle Mexican Grill were worth $7,296,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC increased its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after buying an additional 279,267 shares during the period. AQR Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 64.0% in the fourth quarter. AQR Capital Management LLC now owns 1,509,387 shares of the restaurant operator's stock valued at $91,016,000 after buying an additional 588,901 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $5,470,000. Finally, Voleon Capital Management LP acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $2,067,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Down 0.6%

Shares of CMG stock opened at $42.39 on Friday. The company has a market cap of $56.84 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 52 week low of $41.18 and a 52 week high of $66.74. The firm has a 50 day moving average of $48.86 and a 200-day moving average of $50.21.

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, topping the consensus estimate of $0.32 by $0.01. The company 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 company's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. 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 the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMG. Raymond James Financial lowered their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. Barclays decreased their target price on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their target price for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Citigroup decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Finally, Redburn Atlantic initiated coverage on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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