Gagnon Securities LLC increased its position in Chipotle Mexican Grill (NYSE:CMG) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,618 shares of the restaurant operator’s stock after purchasing an additional 118 shares during the quarter. Gagnon Securities LLC’s holdings in Chipotle Mexican Grill were worth $1,492,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in CMG. Independent Franchise Partners LLP bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $107,391,000. Timucuan Asset Management Inc. FL bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $45,643,000. Amundi Pioneer Asset Management Inc. boosted its holdings in Chipotle Mexican Grill by 524.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 111,162 shares of the restaurant operator’s stock worth $32,129,000 after buying an additional 93,374 shares during the last quarter. Coatue Management LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $24,626,000. Finally, Armistice Capital LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $22,544,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.
Chipotle Mexican Grill opened at $433.86 on Tuesday, Marketbeat reports. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 65.74, a P/E/G ratio of 2.79 and a beta of 0.49. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $487.52.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.56. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 EPS. sell-side analysts forecast that Chipotle Mexican Grill will post 8.44 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on CMG shares. Telsey Advisory Group reiterated a “market perform” rating and set a $350.00 price objective (up previously from $330.00) on shares of Chipotle Mexican Grill in a report on Thursday, April 26th. Stifel Nicolaus lifted their price objective on Chipotle Mexican Grill from $275.00 to $325.00 and gave the company a “hold” rating in a report on Thursday, April 26th. Guggenheim upgraded Chipotle Mexican Grill from a “sell” rating to a “neutral” rating in a report on Thursday, April 26th. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Friday, April 27th. Finally, Wedbush lifted their price objective on Chipotle Mexican Grill from $325.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, April 26th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $361.00.
In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage bought 420,322 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $318.14 per share, with a total value of $133,721,241.08. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ali Namvar bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average cost of $317.70 per share, for a total transaction of $953,100.00. The disclosure for this purchase can be found here. 2.19% of the stock is owned by insiders.
Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.
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