Quarry LP Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Quarry LP lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 93.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,358 shares of the restaurant operator’s stock after purchasing an additional 1,139 shares during the period. Quarry LP’s holdings in Chipotle Mexican Grill were worth $142,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CMG. Mission Creek Capital Partners Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $1,003,000. Fernbridge Capital Management LP acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $37,514,000. Prosperity Consulting Group LLC boosted its holdings in Chipotle Mexican Grill by 21.2% in the fourth quarter. Prosperity Consulting Group LLC now owns 12,444 shares of the restaurant operator’s stock valued at $750,000 after purchasing an additional 2,175 shares in the last quarter. Oxford Asset Management LLP increased its stake in Chipotle Mexican Grill by 42.2% in the fourth quarter. Oxford Asset Management LLP now owns 9,545 shares of the restaurant operator’s stock valued at $576,000 after purchasing an additional 2,833 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $8,768,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CMG shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Robert W. Baird cut their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research report on Friday. UBS Group cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Citigroup decreased their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.74.

Chipotle Mexican Grill Stock Down 1.7 %

Shares of CMG stock opened at $50.88 on Tuesday. The stock has a market cap of $68.96 billion, a P/E ratio of 45.83, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The business has a fifty day simple moving average of $50.05 and a 200-day simple moving average of $56.21.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted $13.37 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.