Marsico Capital Management LLC Has $14.09 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Marsico Capital Management LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 234.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 380,677 shares of the restaurant operator’s stock after purchasing an additional 266,835 shares during the quarter. Marsico Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $14,085,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $25,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $25,000. Murphy & Mullick Capital Management Corp grew its stake in Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 400 shares during the last quarter. Winthrop Capital Management LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $31,000. Finally, Ameriflex Group Inc. grew its stake in Chipotle Mexican Grill by 109.4% in the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 465 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. BTIG Research reiterated a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Stephens raised their price objective on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $37.00 to $40.00 in a report on Friday, March 20th. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Finally, Guggenheim reduced their price objective on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.48.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $31.30 on Friday. The company has a 50-day moving average of $32.76 and a 200-day moving average of $35.21. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 1.96 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 announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

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.