Samlyn Capital LLC Acquires 27,313 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Samlyn Capital LLC increased its ownership of Chipotle Mexican Grill, Inc. by 2.3% during the 1st quarter, acquiring an additional 27,313 shares to hold a total of approximately 1.23 million shares valued at around $61.77 million.
• Several major institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., also boosted their stakes in Chipotle during the same period, indicating strong investor interest in the company.
• Chipotle reported earnings of $0.33 EPS for the last quarter, slightly above the consensus estimate, with revenues of $3.06 billion, which is a 3.0% increase year-over-year.

Samlyn Capital LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,230,235 shares of the restaurant operator's stock after buying an additional 27,313 shares during the period. Samlyn Capital LLC owned approximately 0.09% of Chipotle Mexican Grill worth $61,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after buying an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD increased its position in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. increased its position in Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the last quarter. American Century Companies Inc. increased its position in Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock worth $1,037,471,000 after purchasing an additional 425,648 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter worth about $535,023,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMG has been the topic of several research reports. BTIG Research reaffirmed a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Friday. Raymond James Financial dropped their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Piper Sandler raised 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. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.93.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded down $0.37 during trading hours on Friday, hitting $41.04. 21,999,135 shares of the company were exchanged, compared to its average volume of 15,712,282. The company has a market cap of $55.03 billion, a PE ratio of 36.64, a PEG ratio of 2.09 and a beta of 1.02. The firm's 50 day moving average is $47.35 and its 200-day moving average is $49.54. Chipotle Mexican Grill, Inc. has a 52 week low of $40.73 and a 52 week high of $66.74.

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