Sandler Capital Management Purchases Shares of 72,080 Chipotle Mexican Grill, Inc. $CMG

Key Points

• Sandler Capital Management has invested approximately $3.62 million in Chipotle Mexican Grill, acquiring 72,080 shares.
• Chipotle's Q2 earnings report showed a net margin of 13.32%, with revenue of $3.06 billion, slightly below estimates.
• Analysts have issued mixed revisions to Chipotle's target prices, with an average rating of "Moderate Buy" and a consensus target price of $59.93.

Sandler Capital Management purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 72,080 shares of the restaurant operator's stock, valued at approximately $3,619,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Petrus Trust Company LTA bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $654,000. Nissay Asset Management Corp Japan ADV raised its position in Chipotle Mexican Grill by 0.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 171,948 shares of the restaurant operator's stock worth $8,634,000 after acquiring an additional 1,240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Chipotle Mexican Grill by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 216,127 shares of the restaurant operator's stock valued at $10,851,000 after acquiring an additional 4,463 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Chipotle Mexican Grill by 13.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 24,490 shares of the restaurant operator's stock worth $1,230,000 after purchasing an additional 2,991 shares during the period. Finally, Hancock Whitney Corp lifted its stake in Chipotle Mexican Grill by 0.9% in the first quarter. Hancock Whitney Corp now owns 32,645 shares of the restaurant operator's stock valued at $1,639,000 after purchasing an additional 307 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. 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. Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target for the company. Finally, Guggenheim decreased their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.76.

Chipotle Mexican Grill Trading Down 0.5%

Shares of CMG traded down $0.18 during trading hours on Tuesday, reaching $39.47. 17,853,084 shares of the company's stock traded hands, compared to its average volume of 14,442,530. The firm's 50 day simple moving average is $47.01 and its 200-day simple moving average is $49.45. The stock has a market cap of $52.92 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 12 month low of $39.23 and a 12 month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, analysts expect 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.