Nishkama Capital LLC Acquires Shares of 146,000 Chipotle Mexican Grill, Inc. $CMG

Key Points

• Nishkama Capital LLC acquired 146,000 shares of Chipotle Mexican Grill, valued at approximately $7.33 million, making it the fund's 16th largest position.
• Other investors, such as Caisse DE Depot ET Placement DU Quebec and Kayne Anderson Rudnick Investment Management LLC, significantly increased their stakes in Chipotle during the same quarter, highlighting growing confidence among institutional investors.
• Chipotle reported a net margin of 13.32% and a revenue of $3.06 billion in its latest quarterly earnings, surpassing EPS expectations with a 0.33 EPS against a consensus estimate of 0.32.

Nishkama Capital LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 146,000 shares of the restaurant operator's stock, valued at approximately $7,331,000. Chipotle Mexican Grill accounts for approximately 0.8% of Nishkama Capital LLC's holdings, making the stock its 16th largest position.

Several other large investors also recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec boosted its position in Chipotle Mexican Grill by 151.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,060,404 shares of the restaurant operator's stock valued at $153,663,000 after buying an additional 1,842,423 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Chipotle Mexican Grill by 2,691.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,796 shares of the restaurant operator's stock valued at $191,000 after purchasing an additional 3,660 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 10.1% in the 1st quarter. Freedom Investment Management Inc. now owns 4,292 shares of the restaurant operator's stock valued at $216,000 after purchasing an additional 395 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Chipotle Mexican Grill by 33.9% during the 1st quarter. Synovus Financial Corp now owns 170,633 shares of the restaurant operator's stock worth $8,567,000 after acquiring an additional 43,208 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $690,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $43.58 on Monday. The company's fifty day moving average price is $49.60 and its 200 day moving average price is $50.53. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74. The company has a market capitalization of $58.44 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05.

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, 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Robert W. Baird dropped their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Finally, Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.22.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the 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 directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently 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.

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