Gables Capital Management Inc. Invests $1.45 Million in Chipotle Mexican Grill, Inc. $CMG

Gables Capital Management Inc. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 42,600 shares of the restaurant operator’s stock, valued at approximately $1,448,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Chipotle Mexican Grill during the second quarter worth approximately $4,417,475,000. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $711,837,000. Vanguard Group Inc. grew its position in shares of Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after acquiring an additional 18,660,882 shares during the last quarter. Capital World Investors increased its holdings in shares of Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after acquiring an additional 13,843,222 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of Chipotle Mexican Grill by 206.4% in the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after acquiring an additional 9,473,120 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. TD Cowen reiterated a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Barclays decreased their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Sanford C. Bernstein reissued an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Finally, Stephens restated a “positive” rating and set a $40.00 price target (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.16.

Chipotle Mexican Grill Trading Down 1.2%

NYSE:CMG opened at $33.36 on Wednesday. The company has a market capitalization of $42.22 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94. The firm has a 50-day moving average price of $33.55 and a two-hundred day moving average price of $34.03. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $43.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 earnings per share. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current 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.