Plato Investment Management Ltd Invests $1.07 Million in Chipotle Mexican Grill, Inc. $CMG

Plato Investment Management Ltd acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,801 shares of the restaurant operator’s stock, valued at approximately $1,075,000.

Other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. City State Bank grew its position in Chipotle Mexican Grill by 13.4% during the fourth quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 275 shares during the period. Groupama Asset Managment grew its position in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after acquiring an additional 291 shares during the period. Catalyst Financial Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.6% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after buying an additional 298 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in Chipotle Mexican Grill by 2.5% during the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 311 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $33.36 on Wednesday. The firm has a market capitalization of $42.22 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.13 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $43.99. The company has a 50-day moving average of $33.55 and a 200 day moving average of $34.03.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CMG shares. Guggenheim reaffirmed a “neutral” rating and set a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Evercore reissued an “outperform” rating and issued a $47.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. BTIG Research restated a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 5th. Argus upped their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Mizuho increased their price objective 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. Twenty-four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.16.

About Chipotle Mexican Grill

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.