Caxton Associates LLP Has $31.42 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Caxton Associates LLP increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 97.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 981,540 shares of the restaurant operator’s stock after purchasing an additional 483,336 shares during the quarter. Chipotle Mexican Grill makes up 0.7% of Caxton Associates LLP’s investment portfolio, making the stock its 25th biggest holding. Caxton Associates LLP’s holdings in Chipotle Mexican Grill were worth $31,419,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after buying an additional 18,660,882 shares during the period. Capital World Investors raised its position in shares of Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after acquiring an additional 13,843,222 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Chipotle Mexican Grill by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after acquiring an additional 9,237,720 shares during the period. Capital International Investors lifted its stake in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after acquiring an additional 6,796,285 shares during the period. Finally, Norges Bank bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $711,837,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $32.01 on Friday. The stock has a market capitalization of $41.06 billion, a P/E ratio of 29.37, a P/E/G ratio of 2.10 and a beta of 0.97. The business has a 50 day simple moving average of $32.64 and a 200 day simple moving average of $34.76. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $47.18.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the firm earned $0.29 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on CMG shares. Mizuho increased their target price on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Finally, TD Cowen reissued a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.86.

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.