Woodline Partners LP Increases Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Woodline Partners LP increased its holdings in Chipotle Mexican Grill by 45.9%, acquiring an additional 396,861 shares, bringing its total ownership to approximately $63.4 million.
• Several institutional investors, including Goldman Sachs and Montrusco Bolton Investments, significantly boosted their stakes in Chipotle Mexican Grill during the first quarter, highlighting strong investor interest in the company.
• Chipotle’s latest earnings report revealed $0.33 earnings per share (EPS), exceeding estimates, with revenue of $3.06 billion, marking a 3.0% year-over-year increase.

Woodline Partners LP grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 45.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,261,873 shares of the restaurant operator's stock after acquiring an additional 396,861 shares during the period. Woodline Partners LP owned about 0.09% of Chipotle Mexican Grill worth $63,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $25,000. Saudi Central Bank purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $27,000. HighMark Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 371 shares in the last quarter. North Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $30,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $31,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CMG. Truist Financial cut their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Raymond James Financial cut their price objective on 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. BTIG Research restated a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. UBS Group increased their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.76.

Chipotle Mexican Grill Stock Down 0.8%

CMG traded down $0.31 on Friday, hitting $38.65. The company had a trading volume of 22,287,567 shares, compared to its average volume of 14,610,478. The company has a market cap of $51.83 billion, a PE ratio of 34.51, a PEG 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 business's fifty day simple moving average is $45.91 and its 200 day simple moving average is $49.23.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 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 return on equity of 43.50% and a net margin of 13.32%.The firm's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.