OFI Invest Asset Management Acquires 239,631 Shares of Chipotle Mexican Grill, Inc. $CMG

OFI Invest Asset Management increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 877,342 shares of the restaurant operator’s stock after acquiring an additional 239,631 shares during the period. OFI Invest Asset Management’s holdings in Chipotle Mexican Grill were worth $34,383,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CMG. Jamison Private Wealth Management Inc. lifted its position in Chipotle Mexican Grill by 13.9% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 11,306 shares of the restaurant operator’s stock worth $443,000 after buying an additional 1,381 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Chipotle Mexican Grill by 267.8% in the third quarter. Exchange Traded Concepts LLC now owns 50,789 shares of the restaurant operator’s stock valued at $1,990,000 after acquiring an additional 36,982 shares during the last quarter. S.E.E.D. Planning Group LLC bought a new stake in Chipotle Mexican Grill during the third quarter worth about $211,000. Evanson Asset Management LLC raised its holdings in Chipotle Mexican Grill by 6.5% during the third quarter. Evanson Asset Management LLC now owns 5,763 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 350 shares in the last quarter. Finally, DLK Investment Management LLC boosted its position in Chipotle Mexican Grill by 2.1% during the third quarter. DLK Investment Management LLC now owns 101,301 shares of the restaurant operator’s stock valued at $3,970,000 after purchasing an additional 2,057 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $37.87 on Tuesday. The company has a market cap of $50.08 billion, a P/E ratio of 33.52, a P/E/G ratio of 3.84 and a beta of 0.99. The firm’s fifty day moving average price is $35.16 and its two-hundred day moving average price is $42.27. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $62.43.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. Chipotle Mexican Grill’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. BTIG Research lowered their price target on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Barclays decreased their target price on shares of Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. Northcoast Research downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Company 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.