Trexquant Investment LP Invests $39.06 Million in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Trexquant Investment LP acquired 777,836 shares of Chipotle Mexican Grill, worth approximately $39.06 million, making it the 18th largest holding in their portfolio.
• Several large investment firms have increased their stakes in Chipotle, collectively owning 91.30% of the company's stock.
• Latest earnings reported an EPS of $0.33, exceeding analyst expectations, while revenue was $3.06 billion for the quarter.

Trexquant Investment LP purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 777,836 shares of the restaurant operator's stock, valued at approximately $39,055,000. Chipotle Mexican Grill comprises about 0.5% of Trexquant Investment LP's investment portfolio, making the stock its 18th biggest holding. Trexquant Investment LP owned 0.06% of Chipotle Mexican Grill as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Revolve Wealth Partners LLC raised its position 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 worth $290,000 after purchasing an additional 214 shares during the last quarter. Csenge Advisory Group raised its position in Chipotle Mexican Grill by 5.0% in the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after buying an additional 220 shares during the last quarter. Money Concepts Capital Corp raised its position in Chipotle Mexican Grill by 3.0% in the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after buying an additional 221 shares during the last quarter. Northwest Bank & Trust Co raised its position in Chipotle Mexican Grill by 0.5% in the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $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% in the 1st quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock worth $240,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. TD Cowen decreased their target price on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. 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. Raymond James Financial reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 15th. Finally, Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target of $60.22.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Trading Up 0.3%

Chipotle Mexican Grill stock opened at $42.66 on Thursday. The firm has a 50 day moving average of $49.04 and a 200 day moving average of $50.32. The firm has a market capitalization of $57.21 billion, a price-to-earnings ratio of 38.09, a P/E/G ratio of 2.16 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12-month low of $41.18 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The company 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%. 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 firm posted $0.34 EPS. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.

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