Landscape Capital Management L.L.C. Grows Position in Chipotle Mexican Grill, Inc. $CMG

Landscape Capital Management L.L.C. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 704.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 119,393 shares of the restaurant operator’s stock after acquiring an additional 104,558 shares during the period. Landscape Capital Management L.L.C.’s holdings in Chipotle Mexican Grill were worth $4,679,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC grew its position in 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. Trueblood Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after buying an additional 253 shares during the period. Scotia Capital Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.4% in the 2nd quarter. Scotia Capital Inc. now owns 76,358 shares of the restaurant operator’s stock worth $4,288,000 after buying an additional 269 shares during the last quarter. Lakeshore Capital Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 1.9% in the third quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock worth $573,000 after acquiring an additional 272 shares during the period. Finally, Pine Haven Investment Counsel Inc increased its position in Chipotle Mexican Grill by 0.8% during the third quarter. Pine Haven Investment Counsel Inc now owns 37,391 shares of the restaurant operator’s stock valued at $1,465,000 after acquiring an additional 280 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.5%

Chipotle Mexican Grill stock traded up $0.17 during midday trading on Friday, hitting $32.73. The stock had a trading volume of 2,426,267 shares, compared to its average volume of 17,151,818. The firm’s fifty day moving average is $38.13 and its two-hundred day moving average is $37.64. The company has a market capitalization of $42.63 billion, a PE ratio of 28.71, a P/E/G ratio of 2.08 and a beta of 1.00. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMG has been the topic of several research reports. Argus reissued a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 18th. DA Davidson assumed coverage on shares of Chipotle Mexican Grill in a research note on Friday, March 6th. They issued a “buy” rating and a $51.00 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. Finally, Gordon Haskett lowered shares of Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $47.37.

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.