Intermede Investment Partners Ltd Has $58.96 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Intermede Investment Partners Ltd raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,593,476 shares of the restaurant operator’s stock after acquiring an additional 258,781 shares during the period. Chipotle Mexican Grill makes up about 2.4% of Intermede Investment Partners Ltd’s holdings, making the stock its 21st largest position. Intermede Investment Partners Ltd’s holdings in Chipotle Mexican Grill were worth $58,959,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $36,000. Swedbank AB grew its stake in Chipotle Mexican Grill by 0.8% in the fourth quarter. Swedbank AB now owns 715,816 shares of the restaurant operator’s stock valued at $26,485,000 after acquiring an additional 5,435 shares during the period. EverSource Wealth Advisors LLC grew its stake in Chipotle Mexican Grill by 109.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 24,907 shares of the restaurant operator’s stock valued at $922,000 after acquiring an additional 12,999 shares during the period. RD Lewis Holdings Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $245,000. Finally, Ferguson Johnson Wealth Management Inc acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $222,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CMG shares. Piper Sandler reduced their price objective on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 5th. Guggenheim reduced their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. BTIG Research reissued a “buy” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, Raymond James Financial dropped their target price on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Twenty-four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Stock Down 0.1%

CMG stock opened at $32.84 on Monday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The stock’s 50 day moving average is $33.32 and its 200-day moving average is $35.24. The firm has a market capitalization of $42.13 billion, a PE ratio of 30.13, a P/E/G ratio of 2.12 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share 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.