187,712 Shares in Chipotle Mexican Grill, Inc. $CMG Purchased by Arvin Capital Management LP

Arvin Capital Management LP acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 187,712 shares of the restaurant operator’s stock, valued at approximately $6,945,000. Chipotle Mexican Grill comprises about 1.3% of Arvin Capital Management LP’s portfolio, making the stock its 21st biggest position.

Several other large investors also recently added to or reduced their stakes in CMG. Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $25,000. Wealth Watch Advisors INC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $25,000. Murphy & Mullick Capital Management Corp increased 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 acquiring an additional 400 shares during the last quarter. Winthrop Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $31,000. Finally, Ankerstar Wealth LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. 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. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. BNP Paribas Exane lifted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, 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. Twenty-four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.48.

Chipotle Mexican Grill Trading Up 3.0%

Shares of NYSE CMG opened at $32.20 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $58.42. The firm has a market capitalization of $41.30 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.07 and a beta of 0.99. The business has a 50-day moving average of $32.75 and a 200-day moving average of $35.19.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Chipotle Mexican Grill’s revenue was up 7.4% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current 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.