Marathon Trading Investment Management LLC Increases Stake in Chipotle Mexican Grill, Inc. $CMG

Marathon Trading Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 59.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,698 shares of the restaurant operator’s stock after buying an additional 25,857 shares during the quarter. Chipotle Mexican Grill comprises 0.1% of Marathon Trading Investment Management LLC’s portfolio, making the stock its 24th largest position. Marathon Trading Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Nova Scotia increased its position in shares of Chipotle Mexican Grill by 11.0% during the third quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after buying an additional 47,241 shares during the period. Klein Pavlis & Peasley Financial Inc. purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $1,597,000. Norges Bank purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $711,837,000. Crescent Park Management L.P. purchased a new stake in Chipotle Mexican Grill in the third quarter worth about $5,911,000. Finally, WINTON GROUP Ltd grew its holdings in Chipotle Mexican Grill by 269.6% in the third quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock worth $14,888,000 after purchasing an additional 277,090 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock 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. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $37.00 to $40.00 in a report on Friday, March 20th. Guggenheim cut their price objective on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.48.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $32.20 on Monday. The firm’s 50 day moving average price is $32.75 and its 200-day moving average price is $35.22. The company has a market cap of $41.30 billion, a PE ratio of 29.54, a P/E/G ratio of 2.07 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $58.42.

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