Entropy Technologies LP Acquires New Stake in Chipotle Mexican Grill, Inc. $CMG

Entropy Technologies LP bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 247,845 shares of the restaurant operator’s stock, valued at approximately $7,934,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after purchasing an additional 18,660,882 shares in the last quarter. Capital World Investors raised its stake in Chipotle Mexican Grill by 15.8% in the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after purchasing an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Chipotle Mexican Grill by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after purchasing an additional 9,237,720 shares in the last quarter. Capital International Investors lifted its position in Chipotle Mexican Grill by 17.7% during the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock valued at $1,675,895,000 after purchasing an additional 6,796,285 shares during the last quarter. Finally, Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $711,837,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $31.79 on Friday. The stock has a market capitalization of $40.78 billion, a P/E ratio of 29.17, a PEG ratio of 2.09 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $47.18. The firm’s 50 day simple moving average is $32.62 and its two-hundred day simple moving average is $34.74.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm 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 business posted $0.29 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CMG shares. BTIG Research reissued a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Guggenheim reduced their target price on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Twenty-three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.86.

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.