Teza Capital Management LLC Acquires New Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Teza Capital Management LLC invested approximately $1.07 million in Chipotle Mexican Grill, purchasing 21,356 shares during the first quarter.
• Chipotle's stock has a market cap of $55.03 billion and reported a 3.0% year-over-year revenue increase, with earnings per share slightly beating estimates at $0.33.
• Recent analyst reports have seen varied price targets, with Citigroup lowering theirs to $62.00 while BMO Capital Markets raised theirs to $65.00.

Teza Capital Management LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,356 shares of the restaurant operator's stock, valued at approximately $1,072,000.

A number of other hedge funds have also added to or reduced their stakes in CMG. Revolve Wealth Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares in the last quarter. Csenge Advisory Group grew its holdings in Chipotle Mexican Grill by 5.0% during the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after purchasing an additional 220 shares during the period. Money Concepts Capital Corp boosted its stake in shares of Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after acquiring an additional 221 shares during the period. Northwest Bank & Trust Co boosted its stake in Chipotle Mexican Grill by 0.5% during the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after buying an additional 236 shares during the last quarter. Finally, Covestor Ltd raised its position in Chipotle Mexican Grill by 5.3% during the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock valued at $240,000 after purchasing an additional 242 shares during the period. Hedge funds and other institutional investors own 91.30% of the company's stock.

Wall Street Analyst Weigh In

CMG has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday. BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their target price for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Melius assumed coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They set a "hold" rating and a $60.00 target price on the stock. Stephens reaffirmed an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Finally, Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Two 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 company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.76.

Chipotle Mexican Grill Stock Down 0.5%

Shares of Chipotle Mexican Grill stock traded down $0.18 on Tuesday, hitting $39.47. 17,853,084 shares of the company were exchanged, compared to its average volume of 16,588,794. The stock has a market capitalization of $52.92 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02. The company has a 50-day moving average price of $46.64 and a 200 day moving average price of $49.39. Chipotle Mexican Grill, Inc. has a 1-year low of $39.23 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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.