Lafayette Investments Inc. Buys Shares of 74,370 Chipotle Mexican Grill, Inc. $CMG

Lafayette Investments Inc. bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, Holdings Channel reports. The institutional investor bought 74,370 shares of the restaurant operator’s stock, valued at approximately $2,752,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $25,000. Wealth Watch Advisors INC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $25,000. Murphy & Mullick Capital Management Corp raised its position in shares of Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Winthrop Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $31,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $32,000. Institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CMG shares. DA Davidson assumed coverage on shares of Chipotle Mexican Grill in a research report on Friday, March 6th. They set a “buy” rating and a $51.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Barclays decreased their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Stephens boosted their price target on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Twenty-four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Stock Down 1.7%

Shares of CMG stock opened at $31.94 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03. The firm has a fifty day moving average of $33.90 and a 200-day moving average of $35.57.

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