Westerkirk Capital Inc. Buys 76,200 Shares of Chipotle Mexican Grill, Inc. $CMG

Westerkirk Capital Inc. grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 74.7% in the 4th quarter, Holdings Channel reports. The firm owned 178,250 shares of the restaurant operator’s stock after purchasing an additional 76,200 shares during the period. Westerkirk Capital Inc.’s holdings in Chipotle Mexican Grill were worth $6,595,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. BLI Banque de Luxembourg Investments increased its stake in shares of Chipotle Mexican Grill by 29.8% in the 4th quarter. BLI Banque de Luxembourg Investments now owns 157,000 shares of the restaurant operator’s stock worth $5,818,000 after acquiring an additional 36,000 shares in the last quarter. Waddell & Associates LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $450,000. Cerity Partners LLC increased its stake in shares of Chipotle Mexican Grill by 5.2% in the 4th quarter. Cerity Partners LLC now owns 667,848 shares of the restaurant operator’s stock worth $24,710,000 after acquiring an additional 32,881 shares in the last quarter. Prudent Man Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 23.0% in the 4th quarter. Prudent Man Advisors LLC now owns 23,692 shares of the restaurant operator’s stock worth $877,000 after acquiring an additional 4,423 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Chipotle Mexican Grill by 8.2% in the 4th quarter. LPL Financial LLC now owns 1,556,436 shares of the restaurant operator’s stock worth $57,588,000 after acquiring an additional 118,404 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.2%

Shares of NYSE CMG opened at $29.27 on Tuesday. The firm’s 50-day moving average price is $32.81 and its 200-day moving average price is $35.22. The company has a market cap of $37.55 billion, a PE ratio of 26.86, a PEG ratio of 1.89 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $58.42.

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 analysts’ consensus estimates of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 EPS. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stephens increased their price target on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Wall Street Zen raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Barclays cut their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.48.

About Chipotle Mexican Grill

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.