Sunpointe LLC Purchases New Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Sunpointe LLC has acquired a new stake in Chipotle Mexican Grill, purchasing 18,896 shares valued at approximately $1,061,000 during the second quarter.
• Chipotle's stock is currently trading at $39.25 with a market cap of $52.63 billion and a P/E ratio of 35.04.
• Analysts have mixed outlooks on Chipotle, with a consensus rating of "Moderate Buy" and a target price averaging $59.76 among 31 analysts.

Sunpointe LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 18,896 shares of the restaurant operator's stock, valued at approximately $1,061,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Chipotle Mexican Grill by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock worth $450,868,000 after purchasing an additional 491,002 shares during the last quarter. Corient IA LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth $753,000. Advisors Asset Management Inc. boosted its stake in Chipotle Mexican Grill by 32.4% during the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator's stock worth $3,784,000 after purchasing an additional 18,458 shares during the last quarter. Banco Santander S.A. boosted its stake in Chipotle Mexican Grill by 47.6% during the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock worth $1,595,000 after purchasing an additional 10,246 shares during the last quarter. Finally, Community Trust & Investment Co. acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth $7,773,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $0.51 during trading hours on Friday, reaching $39.30. 36,393,078 shares of the stock were exchanged, compared to its average volume of 18,575,692. The business's fifty day moving average is $43.88 and its two-hundred day moving average is $48.61. The firm has a market capitalization of $52.70 billion, a P/E ratio of 35.09, a P/E/G ratio of 2.00 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The firm 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 quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMG has been the topic of several recent research reports. KeyCorp lowered their target price 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. BTIG Research reissued a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. TD Cowen reissued a "buy" rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Friday. Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Finally, Guggenheim lowered their price target on shares of 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.