Landscape Capital Management L.L.C. Boosts Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Landscape Capital Management L.L.C. boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 139,915 shares of the restaurant operator’s stock after buying an additional 20,522 shares during the period. Landscape Capital Management L.L.C.’s holdings in Chipotle Mexican Grill were worth $5,177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Watch Advisors INC purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $25,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $25,000. Murphy & Mullick Capital Management Corp grew its stake in shares of 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 in the last quarter. Winthrop Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $31,000. Finally, Ameriflex Group Inc. grew its stake in shares of Chipotle Mexican Grill by 109.4% in the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after buying an additional 465 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMG has been the subject of a number of recent research reports. Argus raised shares of 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. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Stephens raised 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 report on Thursday, April 30th. Finally, DA Davidson started coverage on shares of Chipotle Mexican Grill in a report on Friday, March 6th. They issued a “buy” rating and a $51.00 target price for the company. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.48.

Chipotle Mexican Grill Trading Up 3.0%

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

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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 net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business posted $0.29 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

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.