OP Asset Management Ltd Purchases New Position in Chipotle Mexican Grill, Inc. $CMG

OP Asset Management Ltd purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 135,879 shares of the restaurant operator’s stock, valued at approximately $4,349,000.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. Bank of Nova Scotia lifted its position in Chipotle Mexican Grill by 11.0% during the third quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after buying an additional 47,241 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $1,597,000. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $711,837,000. Crescent Park Management L.P. purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $5,911,000. Finally, Focus Partners Advisor Solutions LLC increased its stake in shares of Chipotle Mexican Grill by 156.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock worth $2,156,000 after acquiring an additional 35,589 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CMG shares. Guggenheim dropped their price objective on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. DA Davidson started coverage on shares of Chipotle Mexican Grill in a research note on Friday, March 6th. They set a “buy” rating and a $51.00 target price for the company. BTIG Research reiterated a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $45.10.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $33.37 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $58.42. The firm’s 50-day moving average is $32.37 and its 200 day moving average is $35.08. The stock has a market cap of $42.80 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.08 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates 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%. Chipotle Mexican Grill’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal 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.