Ieq Capital LLC Has $34.64 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Ieq Capital LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,163.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 936,294 shares of the restaurant operator’s stock after buying an additional 862,199 shares during the quarter. Ieq Capital LLC’s holdings in Chipotle Mexican Grill were worth $34,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC lifted its holdings 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 last quarter. Bison Wealth LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $224,000. Empowered Funds LLC lifted its holdings in Chipotle Mexican Grill by 5.5% in the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. lifted its holdings in Chipotle Mexican Grill by 7,176.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 7.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 57,451 shares of the restaurant operator’s stock worth $3,226,000 after purchasing an additional 3,915 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CMG shares. Weiss Ratings lowered Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Raymond James Financial reduced their target price on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, May 5th. Finally, Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Twenty-four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned 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 price target of $45.48.

Chipotle Mexican Grill Stock Up 3.0%

Shares of CMG stock opened at $32.20 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $58.42. The firm has a market cap of $41.30 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The stock has a 50 day moving average of $32.75 and a 200-day moving average of $35.19.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

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.