Van ECK Associates Corp Has $207.85 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Van ECK Associates Corp increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,330.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,617,629 shares of the restaurant operator’s stock after buying an additional 5,224,833 shares during the quarter. Van ECK Associates Corp’s holdings in Chipotle Mexican Grill were worth $207,852,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CMG. Financial Life Planners acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp increased its position 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 valued at $30,000 after acquiring an additional 400 shares during the period. Winthrop Capital Management LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $31,000. Finally, Ankerstar Wealth LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $33,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 3.0%

CMG opened at $32.20 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $58.42. The company has a market cap of $41.30 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a fifty day moving average price of $32.75 and a two-hundred day moving average price of $35.19.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMG. Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Barclays decreased their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Stephens lifted their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. Twenty-four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $45.48.

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.