MGO One Seven LLC Increases Position in Chipotle Mexican Grill, Inc. $CMG

MGO One Seven LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 87.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,352 shares of the restaurant operator’s stock after purchasing an additional 36,183 shares during the period. MGO One Seven LLC’s holdings in Chipotle Mexican Grill were worth $2,862,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $25,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $29,000. Murphy & Mullick Capital Management Corp boosted its holdings in Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Finally, Winthrop Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Citigroup lifted their price objective on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Stephens lifted their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Barclays lowered their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $32.43 on Monday. The stock has a market cap of $41.60 billion, a P/E ratio of 29.75, a P/E/G ratio of 2.09 and a beta of 1.03. The stock’s 50 day simple moving average is $34.13 and its 200-day simple moving average is $35.71. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

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.