Sapient Capital LLC Purchases New Shares in Chipotle Mexican Grill, Inc. $CMG

Sapient Capital LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 44,650 shares of the restaurant operator’s stock, valued at approximately $1,782,000.

A number of other institutional investors have also added to or reduced their stakes in CMG. Vanguard Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock valued at $6,932,118,000 after buying an additional 993,798 shares in the last quarter. Alliancebernstein L.P. lifted its position in Chipotle Mexican Grill by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock valued at $1,859,211,000 after acquiring an additional 606,190 shares during the period. Geode Capital Management LLC boosted its stake in Chipotle Mexican Grill by 1.1% during the second quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock worth $1,657,193,000 after acquiring an additional 325,926 shares in the last quarter. American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 2.9% during the second quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator’s stock worth $1,193,618,000 after acquiring an additional 595,038 shares in the last quarter. Finally, Norges Bank purchased a new stake in Chipotle Mexican Grill in the second quarter worth about $1,001,668,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock opened at $37.80 on Friday. The stock has a market capitalization of $49.98 billion, a P/E ratio of 33.45, a P/E/G ratio of 3.86 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $61.16. The business has a fifty day moving average price of $34.83 and a 200-day moving average price of $41.95.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the company earned $0.27 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CMG. JPMorgan Chase & Co. dropped their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Royal Bank Of Canada lowered their price objective on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. TD Cowen cut their target price on 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 22nd. Finally, Barclays dropped their price target on shares of Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $49.81.

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.