Voleon Capital Management LP Buys 141,592 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Voleon Capital Management LP significantly increased its stake in Chipotle Mexican Grill, acquiring an additional 141,592 shares, resulting in a total of 175,864 shares valued at approximately $8.83 million.
• Chipotle reported a quarterly earnings per share (EPS) of $0.33, surpassing expectations, although its revenue of $3.06 billion fell short of the consensus estimate.
• The company's stock has received a consensus rating of Moderate Buy from analysts, with an average price target set at $59.93.

Voleon Capital Management LP grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 413.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,864 shares of the restaurant operator's stock after buying an additional 141,592 shares during the quarter. Voleon Capital Management LP's holdings in Chipotle Mexican Grill were worth $8,830,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Chipotle Mexican Grill by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after buying an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Chipotle Mexican Grill by 2.1% during the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock worth $1,037,471,000 after purchasing an additional 425,648 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $535,023,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.8%

NYSE CMG traded down $0.31 during trading on Friday, reaching $38.65. The company's stock had a trading volume of 22,104,766 shares, compared to its average volume of 14,585,235. The firm has a market capitalization of $51.83 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth ratio of 1.97 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. The firm has a 50 day moving average price of $45.91 and a 200 day moving average price of $49.23.

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 (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 net margin of 13.32% and a return on equity of 43.50%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Melius initiated coverage on shares of Chipotle Mexican Grill in a research note on Monday, July 14th. They set a "hold" rating and a $60.00 price objective on the stock. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. TD Cowen decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $59.76.

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.