X Square Capital LLC Acquires New Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• X Square Capital acquired 62,491 Chipotle shares in the second quarter, valued at approximately $2.125 million. Institutional investors collectively own 91.3% of CMG’s outstanding stock.
• Chipotle reported quarterly revenue of $3.35 billion, up 9.3% year over year, and EPS of $0.33, slightly exceeding analyst expectations.
• CMG has a “Moderate Buy” consensus rating from analysts, with an average price target of $44.16 versus its recent price of $36.84.

X Square Capital LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 62,491 shares of the restaurant operator's stock, valued at approximately $2,125,000.

A number of other institutional investors also recently bought and sold shares of CMG. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $711,837,000. Focus Partners Advisor Solutions LLC raised its holdings in shares of Chipotle Mexican Grill by 156.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator's stock valued at $2,156,000 after buying an additional 35,589 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Chipotle Mexican Grill by 40.2% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator's stock worth $9,138,000 after acquiring an additional 77,002 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth about $2,888,000. Finally, Tocqueville Asset Management L.P. purchased a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $25,650,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock opened at $36.84 on Friday. The firm has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.35 and a beta of 0.94. The business's 50-day moving average is $33.80 and its two-hundred day moving average is $33.99. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $43.72.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the business posted $0.33 EPS. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of several research reports. Guggenheim reaffirmed a "neutral" rating and issued a $36.00 target price (up from $35.00) on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. DA Davidson increased their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Thursday, April 30th. Morgan Stanley lifted their price objective on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Thursday, July 30th. Finally, Citigroup cut their target price on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, July 13th. Twenty-four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.16.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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