X Square Capital LLC Buys New Stake in Chipotle Mexican Grill, Inc. $CMG

X Square Capital LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,491 shares of the restaurant operator’s stock, valued at approximately $2,125,000.

A number of other institutional investors also recently bought and sold shares of CMG. Revolve Wealth Partners LLC increased its holdings 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 valued at $290,000 after acquiring an additional 214 shares during the last quarter. Groupama Asset Managment raised 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 worth $568,000 after acquiring an additional 291 shares in the last quarter. Catalyst Financial Partners LLC lifted its stake in Chipotle Mexican Grill by 4.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after purchasing an additional 298 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake 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 worth $407,000 after purchasing an additional 311 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in Chipotle Mexican Grill by 14.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 316 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $36.84 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $43.72. The company has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a PEG ratio of 2.35 and a beta of 0.94. The company’s fifty day moving average is $33.80 and its two-hundred day moving average is $33.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. 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 company earned $0.33 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Piper Sandler lowered their target price on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Finally, UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.16.

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.