35,900 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by Polianta Ltd

Polianta Ltd purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,900 shares of the restaurant operator’s stock, valued at approximately $1,406,000.

Other hedge funds have also modified their holdings of the company. Operose Advisors LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth about $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $27,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $27,000. Signature Resources Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth $28,000. Finally, Lavaca Capital LLC acquired a new position in Chipotle Mexican Grill during the second quarter valued at $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on CMG. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Northcoast Research lowered shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, October 31st. Raymond James Financial reissued an “outperform” rating and set a $40.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Stock Performance

CMG opened at $37.83 on Friday. The firm has a market cap of $50.02 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 3.87 and a beta of 0.99. The business has a 50 day moving average price of $34.92 and a 200 day moving average price of $42.10. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $62.11.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. During the same quarter last year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, 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 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.