53,489 Shares in Chipotle Mexican Grill, Inc. $CMG Bought by Night Squared LP

Night Squared LP acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 53,489 shares of the restaurant operator’s stock, valued at approximately $1,979,000.

Other large investors have also bought and sold shares of the company. Bank of Nova Scotia lifted its stake in Chipotle Mexican Grill by 11.0% during the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after acquiring an additional 47,241 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $1,597,000. Norges Bank bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $711,837,000. Crescent Park Management L.P. bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at $5,911,000. Finally, Focus Partners Advisor Solutions LLC lifted its stake in Chipotle Mexican Grill by 156.9% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after acquiring an additional 35,589 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on CMG. Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Stephens raised their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. BNP Paribas Exane lifted their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Guggenheim lowered their target price on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $45.48.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $32.66 on Wednesday. The stock has a market capitalization of $41.90 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 2.11 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $58.42. The business’s fifty day moving average is $32.73 and its 200-day moving average is $35.20.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS 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.