Entropy Technologies LP Buys New Holdings in Chipotle Mexican Grill, Inc. $CMG

Entropy Technologies LP purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 247,845 shares of the restaurant operator’s stock, valued at approximately $7,934,000.

A number of other large investors have also bought and sold shares of CMG. Revolve Wealth Partners LLC lifted its position in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $224,000. Empowered Funds LLC grew its holdings in shares of Chipotle Mexican Grill by 5.5% in the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. increased its stake in shares of Chipotle Mexican Grill by 7,176.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after buying an additional 1,794 shares during the period. Finally, Ieq Capital LLC increased its stake in shares of Chipotle Mexican Grill by 88.8% in the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after buying an additional 129,066 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 0.7%

NYSE:CMG opened at $31.79 on Friday. The firm’s fifty day simple moving average is $32.62 and its 200 day simple moving average is $34.74. The stock has a market cap of $40.78 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 2.09 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $47.18.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The business 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%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMG. TD Cowen reissued a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a research report 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 on the stock in a research report on Monday, July 13th. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Mizuho increased their target price on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, BNP Paribas Exane raised their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

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.