Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Delta Global Management LP

Delta Global Management LP lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 32.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 787,194 shares of the restaurant operator’s stock after purchasing an additional 192,921 shares during the quarter. Chipotle Mexican Grill makes up 2.1% of Delta Global Management LP’s portfolio, making the stock its 14th largest holding. Delta Global Management LP’s holdings in Chipotle Mexican Grill were worth $25,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $25,000. MV Capital Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $28,000. Merkkuri Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter valued at approximately $28,000. Finally, Ankerstar Wealth LLC bought a new position in Chipotle Mexican Grill during the 4th quarter worth $33,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.7%

Shares of NYSE CMG opened at $31.79 on Friday. The stock has a market cap of $40.78 billion, a P/E ratio of 29.17, a P/E/G ratio of 2.08 and a beta of 0.97. The firm’s 50-day simple moving average is $32.62 and its 200 day simple moving average is $34.74. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $47.18.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The firm 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 quarter in the prior year, the firm posted $0.29 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMG. Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Stephens increased 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. Raymond James Financial reduced their target price on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, BNP Paribas Exane raised their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target 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.