Sivia Capital Partners LLC Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sivia Capital Partners LLC bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,538 shares of the restaurant operator's stock, valued at approximately $278,000.

A number of other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. raised its position in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after buying an additional 395,053 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Chipotle Mexican Grill by 0.8% in the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after buying an additional 166,767 shares during the last quarter. Norges Bank acquired a new position in Chipotle Mexican Grill during the 4th quarter worth about $1,093,345,000. Finally, Northern Trust Corp lifted its position in Chipotle Mexican Grill by 11.1% during the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after buying an additional 1,438,860 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $52.57 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The company has a fifty day moving average of $50.12 and a 200-day moving average of $54.62. The company has a market capitalization of $70.83 billion, a P/E ratio of 47.35, a P/E/G ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $13.37 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Loop Capital decreased their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Barclays lowered their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, KeyCorp reduced their price objective 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, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average target price of $61.60.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider now owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.81% of the stock is owned by corporate insiders.

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.

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