Mizuho Markets Cayman LP Acquires 255,489 Shares of Chipotle Mexican Grill, Inc. $CMG

Mizuho Markets Cayman LP grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 238.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 362,489 shares of the restaurant operator’s stock after acquiring an additional 255,489 shares during the period. Chipotle Mexican Grill makes up approximately 0.7% of Mizuho Markets Cayman LP’s portfolio, making the stock its 18th largest holding. Mizuho Markets Cayman LP’s holdings in Chipotle Mexican Grill were worth $14,206,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Operose Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill during the third quarter valued at $25,000. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill during the third quarter valued at $25,000. Salomon & Ludwin LLC bought a new stake in Chipotle Mexican Grill in the third quarter worth $26,000. Finally, Lavaca Capital LLC bought a new stake in Chipotle Mexican Grill in the second quarter worth $28,000. 91.30% of the stock is owned by institutional investors.

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Chipotle Mexican Grill Price Performance

CMG stock opened at $34.41 on Wednesday. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42. The business has a fifty day moving average price of $37.86 and a 200-day moving average price of $37.39. The stock has a market capitalization of $44.82 billion, a P/E ratio of 30.19, a P/E/G ratio of 2.09 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the subject of several analyst reports. KeyCorp reduced their price target on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Telsey Advisory Group cut their price objective on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Sanford C. Bernstein raised their price objective on shares of Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Finally, Morgan Stanley decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $47.37.

Read Our Latest Report on CMG

Chipotle Mexican Grill Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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