Strs Ohio Takes Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Strs Ohio invested approximately $93.57 million in Chipotle Mexican Grill, acquiring a stake of 1,863,600 shares, representing around 0.14% of the company's total shares.
• Several institutional investors, including Bank Pictet & Cie Europe AG and Revolve Wealth Partners LLC, have significantly increased their stakes in Chipotle during the 4th quarter.
• Chipotle recently reported earnings of $0.33 per share, slightly surpassing analyst expectations, despite a 3.0% year-over-year revenue growth with total revenue of $3.06 billion for the quarter.

Strs Ohio purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,863,600 shares of the restaurant operator's stock, valued at approximately $93,571,000. Strs Ohio owned about 0.14% of Chipotle Mexican Grill at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $224,000. Gotham Asset Management LLC lifted its stake in shares of Chipotle Mexican Grill by 1.1% in the 4th quarter. Gotham Asset Management LLC now owns 62,040 shares of the restaurant operator's stock valued at $3,741,000 after purchasing an additional 650 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Chipotle Mexican Grill by 2.4% in the 4th quarter. Lazard Asset Management LLC now owns 41,757 shares of the restaurant operator's stock valued at $2,517,000 after purchasing an additional 977 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 0.8%

Shares of CMG traded down $0.31 during trading on Friday, reaching $38.65. The company's stock had a trading volume of 22,287,567 shares, compared to its average volume of 16,994,430. The company has a fifty day moving average of $45.54 and a two-hundred day moving average of $49.13. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The company has a market cap of $51.83 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 1.98 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $0.34 EPS. The business's quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CMG shares. Citigroup reduced their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. UBS Group boosted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Robert W. Baird reduced their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Finally, Guggenheim reduced their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Two 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 company's stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average price target of $59.76.

Chipotle Mexican Grill 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.