48,537 Shares in Chipotle Mexican Grill, Inc. $CMG Purchased by Dockside LLC

Dockside LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 48,537 shares of the restaurant operator’s stock, valued at approximately $1,796,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $25,000. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $25,000. Murphy & Mullick Capital Management Corp increased its position in Chipotle Mexican Grill by 106.7% during the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Winthrop Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $31,000. Finally, Ankerstar Wealth LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $33,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $32.20 on Friday. The firm has a market cap 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. The company has a 50-day moving average of $32.75 and a two-hundred day moving average of $35.19. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $58.42.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Raymond James Financial cut their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Weiss Ratings cut shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, Citigroup increased their target price on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.48.

Chipotle Mexican Grill Company 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.