Moore Capital Management LP Makes New $19.42 Million Investment in Chipotle Mexican Grill, Inc. $CMG

Moore Capital Management LP acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 524,888 shares of the restaurant operator’s stock, valued at approximately $19,421,000.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Chipotle Mexican Grill by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after buying 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 purchasing an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Chipotle Mexican Grill by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after purchasing an additional 9,237,720 shares in the last quarter. Capital International Investors increased its holdings in shares of Chipotle Mexican Grill by 17.7% in the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock valued at $1,675,895,000 after purchasing an additional 6,796,285 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $711,837,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research analyst reports. Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and increased their price target for the company from $37.00 to $40.00 in a report on Friday, March 20th. Barclays cut their price target 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. Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Finally, TD Cowen reiterated a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.10.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $31.87 on Thursday. The company has a market cap of $40.88 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.10 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $58.42. The company has a 50-day simple moving average of $32.70 and a 200-day simple moving average of $35.19.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $3.09 billion during 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 company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current 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.