Dynamic Technology Lab Private Ltd Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Dynamic Technology Lab Private Ltd acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,922 shares of the restaurant operator’s stock, valued at approximately $1,680,000.

A number of other institutional investors have also modified their holdings of CMG. Nuveen LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth approximately $535,023,000. Sustainable Growth Advisers LP acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at $597,031,000. Goldman Sachs Group Inc. boosted its position in Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after purchasing an additional 4,903,969 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after purchasing an additional 2,404,798 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.7%

Shares of NYSE CMG opened at $30.98 on Thursday. The stock’s 50 day moving average price is $37.66 and its two-hundred day moving average price is $44.98. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $66.74. The stock has a market capitalization of $40.97 billion, a P/E ratio of 27.42, a PEG ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. Jefferies Financial Group lowered their target price on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. BTIG Research reduced their target price on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Finally, TD Cowen dropped their price target on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.81.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.