Savoir Faire Capital Management L.P. Increases Position in Chipotle Mexican Grill, Inc. $CMG

Savoir Faire Capital Management L.P. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 31.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,140 shares of the restaurant operator’s stock after acquiring an additional 52,302 shares during the period. Chipotle Mexican Grill comprises approximately 3.0% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 13th biggest holding. Savoir Faire Capital Management L.P.’s holdings in Chipotle Mexican Grill were worth $8,471,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Operose Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $25,000. Salomon & Ludwin LLC bought a new position in Chipotle Mexican Grill during the third quarter valued at about $26,000. Lavaca Capital LLC purchased a new stake in Chipotle Mexican Grill during the second quarter worth about $28,000. Activest Wealth Management raised its position in Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 270 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Chipotle Mexican Grill in the third quarter worth about $29,000. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMG. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. TD Cowen reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 5th. Royal Bank Of Canada reduced their price objective on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Sanford C. Bernstein raised their target price on Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, Mizuho boosted their target price on Chipotle Mexican Grill from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.23.

Chipotle Mexican Grill Trading Up 0.8%

CMG opened at $40.87 on Monday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $59.57. The company has a market cap of $54.03 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 3.85 and a beta of 0.97. The company has a 50 day moving average of $36.38 and a 200 day moving average of $39.73.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results 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 45.39% and a net margin of 13.04%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the business posted $0.27 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.