Mizuho Markets Cayman LP Purchases 255,489 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Mizuho Markets Cayman LP bought 255,489 shares, increasing its stake by 238.8% to 362,489 shares worth $14.206 million, making Chipotle its 17th-largest holding (0.5% of the fund).
• Analyst sentiment is mixed but generally positive: the consensus rating is a "Moderate Buy" with an average target of $47.37, though recent notes range from Truist's $50 buy to Zacks' "strong sell" and Mizuho's "neutral" at $37.
• Chipotle reported Q4 EPS $0.25 (beat $0.24) and revenue $2.98B (up 4.9% YoY); the stock opened at $34.03 with a market cap of ~$44.3B, a P/E of ~29.9, and ~91% institutional ownership.

Mizuho Markets Cayman LP raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 238.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 362,489 shares of the restaurant operator's stock after acquiring an additional 255,489 shares during the quarter. Chipotle Mexican Grill comprises 0.5% of Mizuho Markets Cayman LP's investment portfolio, making the stock its 17th biggest holding. Mizuho Markets Cayman LP's holdings in Chipotle Mexican Grill were worth $14,206,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Revolve Wealth Partners LLC grew its stake in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the period. Trueblood Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator's stock valued at $224,000 after buying an additional 253 shares during the period. Scotia Capital Inc. boosted its holdings in shares of Chipotle Mexican Grill by 0.4% during the 2nd quarter. Scotia Capital Inc. now owns 76,358 shares of the restaurant operator's stock worth $4,288,000 after buying an additional 269 shares in the last quarter. Lakeshore Capital Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 1.9% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator's stock worth $573,000 after buying an additional 272 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc grew its position in shares of Chipotle Mexican Grill by 0.8% during the 3rd quarter. Pine Haven Investment Counsel Inc now owns 37,391 shares of the restaurant operator's stock worth $1,465,000 after buying an additional 280 shares during the period. 91.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CMG shares. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, January 8th. Zacks Research cut shares of Chipotle Mexican Grill from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. Mizuho decreased their price target on shares of Chipotle Mexican Grill from $38.00 to $37.00 and set a "neutral" rating for the company in a research note on Wednesday, February 4th. Evercore reiterated an "outperform" rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, December 19th. Finally, Wall Street Zen raised shares of Chipotle Mexican Grill from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $47.37.

Chipotle Mexican Grill Trading Up 4.6%

NYSE CMG opened at $34.03 on Tuesday. The company has a market cap of $44.32 billion, a P/E ratio of 29.85, a PEG ratio of 2.00 and a beta of 1.00. The company has a fifty day simple moving average of $37.94 and a 200 day simple moving average of $37.44. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business's revenue was up 4.9% on a year-over-year basis. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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