Quantitative Investment Management LLC Purchases Shares of 13,745 Chipotle Mexican Grill, Inc. $CMG

Key Points

• Quantitative Investment Management LLC has acquired 13,745 shares of Chipotle Mexican Grill, valued at approximately $690,000, as part of their new investment in Q1.
• Several institutional investors have also increased their stakes or purchased new shares, resulting in institutional ownership of Chipotle reaching 91.30%.
• Chipotle reported earnings of $0.33 per share, beating estimates slightly, but revenue missed projections at $3.06 billion, reflecting a year-over-year increase of 3.0%.

Quantitative Investment Management LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,745 shares of the restaurant operator's stock, valued at approximately $690,000.

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth $25,000. HighMark Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares in the last quarter. North Capital Inc. acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $30,000. ORG Wealth Partners LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 91.30% of the company's stock.

Insider Activity

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale 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 company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Raymond James Financial reduced 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. Stephens reaffirmed an "equal weight" rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $60.22.

Chipotle Mexican Grill Stock Down 0.6%

Shares of NYSE CMG traded down $0.26 during midday trading on Thursday, hitting $42.39. The company had a trading volume of 13,209,647 shares, compared to its average volume of 14,196,696. Chipotle Mexican Grill, Inc. has a twelve month low of $41.18 and a twelve month high of $66.74. The business has a 50-day simple moving average of $49.04 and a two-hundred day simple moving average of $50.32. The firm has a market capitalization of $56.84 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05.

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, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the business earned $0.34 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

About Chipotle Mexican Grill

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.