MBB Public Markets I LLC Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Key Points

• MBB Public Markets I LLC has invested approximately $325,000 in Chipotle Mexican Grill, acquiring 6,480 shares during the first quarter.
• Chipotle reported $0.33 EPS in its latest quarter, beating expectations of $0.32, but revenue of $3.06 billion fell short of the forecasted $3.11 billion.
• Analysts have mixed reviews on Chipotle's stock, with a consensus rating of "Moderate Buy" and a target price of $59.93, reflecting recent adjustments from various firms.

MBB Public Markets I LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,480 shares of the restaurant operator's stock, valued at approximately $325,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Revolve Wealth Partners LLC grew its position in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the period. Csenge Advisory Group boosted its holdings in shares of Chipotle Mexican Grill by 5.0% in the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after buying an additional 220 shares during the period. Money Concepts Capital Corp increased its position in shares of Chipotle Mexican Grill by 3.0% during the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after acquiring an additional 221 shares in the last quarter. Northwest Bank & Trust Co raised its holdings in shares of Chipotle Mexican Grill by 0.5% during the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after acquiring an additional 236 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Chipotle Mexican Grill by 5.3% during the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock worth $240,000 after acquiring an additional 242 shares during the period. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Trading Down 0.8%

Shares of Chipotle Mexican Grill stock traded down $0.31 on Friday, reaching $38.65. 22,287,567 shares of the company were exchanged, compared to its average volume of 14,610,478. The company has a market capitalization of $51.83 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.97 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The company has a 50-day moving average of $45.91 and a 200 day moving average of $49.23.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share 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 the consensus estimate of $3.11 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Securities reaffirmed a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Robert W. Baird cut their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Truist Financial decreased their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. Stephens reissued an "equal weight" rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday. Finally, Piper Sandler upgraded Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and cut their target price for the company from $53.00 to $50.00 in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock 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.