Chipotle Mexican Grill, Inc. $CMG Shares Acquired by MGO One Seven LLC

MGO One Seven LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 298.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,169 shares of the restaurant operator’s stock after buying an additional 30,843 shares during the quarter. MGO One Seven LLC’s holdings in Chipotle Mexican Grill were worth $1,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Operose Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $26,000. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Lavaca Capital LLC purchased a new stake in Chipotle Mexican Grill during the second quarter worth $28,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Chipotle Mexican Grill during the second quarter valued at $29,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $40.51 on Thursday. The stock has a market capitalization of $53.57 billion, a P/E ratio of 35.85, a PEG ratio of 3.68 and a beta of 0.97. The business has a 50 day simple moving average of $35.07 and a two-hundred day simple moving average of $40.65. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $59.57.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMG. Jefferies Financial Group decreased their price objective on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, October 13th. The Goldman Sachs Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Truist Financial upped their price target on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. TD Cowen dropped their price objective on Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” 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 research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.00.

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.