Redwood Investments LLC Boosts Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Redwood Investments LLC boosted its position in Chipotle Mexican Grill by 32.9% in Q1, increasing its holdings to 34,526 shares worth approximately $1.73 million.
• Major institutional investors like Vanguard Group and Price T Rowe Associates also raised their stakes in Chipotle, reflecting significant confidence in the company, with institutional ownership now at 91.30%.
• Following recent analyst reports, Chipotle's price targets have been adjusted downward, with a consensus price target of $59.93 and a consensus rating of "Moderate Buy."

Redwood Investments LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 32.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,526 shares of the restaurant operator's stock after purchasing an additional 8,546 shares during the quarter. Redwood Investments LLC's holdings in Chipotle Mexican Grill were worth $1,734,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC lifted its position in shares of Chipotle Mexican Grill by 158.3% during the 1st quarter. Kestra Investment Management LLC now owns 4,184 shares of the restaurant operator's stock valued at $210,000 after acquiring an additional 2,564 shares during the period. Resources Management Corp CT ADV lifted its holdings in Chipotle Mexican Grill by 21.6% during the first quarter. Resources Management Corp CT ADV now owns 33,030 shares of the restaurant operator's stock valued at $1,658,000 after purchasing an additional 5,865 shares during the last quarter. Temasek Holdings Private Ltd lifted its holdings in Chipotle Mexican Grill by 548.1% during the first quarter. Temasek Holdings Private Ltd now owns 744,065 shares of the restaurant operator's stock valued at $37,360,000 after purchasing an additional 629,263 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth about $1,072,000. Finally, UniSuper Management Pty Ltd raised its stake in Chipotle Mexican Grill by 11.6% in the first quarter. UniSuper Management Pty Ltd now owns 102,089 shares of the restaurant operator's stock valued at $5,126,000 after purchasing an additional 10,621 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $0.30 during mid-day trading on Friday, hitting $38.66. 18,600,299 shares of the stock traded hands, compared to its average volume of 14,577,773. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The company's 50-day simple moving average is $45.91 and its 200-day simple moving average is $49.23. The firm has a market cap of $51.84 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 1.97 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on CMG shares. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Piper Sandler raised Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Guggenheim cut their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. TD Securities reaffirmed a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Finally, Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.76.

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.