187,712 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by Arvin Capital Management LP

Arvin Capital Management LP bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, Holdings Channel reports. The institutional investor bought 187,712 shares of the restaurant operator’s stock, valued at approximately $6,945,000. Chipotle Mexican Grill makes up about 1.3% of Arvin Capital Management LP’s holdings, making the stock its 21st biggest position.

Other hedge funds also recently bought and sold shares of the company. Financial Life Planners bought a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp lifted its position in Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Winthrop Capital Management LLC bought a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $31,000. Finally, Ankerstar Wealth LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $33,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $32.20 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $58.42. The stock has a 50 day moving average price of $32.75 and a two-hundred day moving average price of $35.19. The company has a market capitalization of $41.30 billion, a P/E ratio of 29.54, a PEG ratio of 2.07 and a beta of 0.99.

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, meeting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. DA Davidson assumed coverage on Chipotle Mexican Grill in a research report on Friday, March 6th. They issued a “buy” rating and a $51.00 target price for the company. BNP Paribas Exane boosted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Stephens boosted their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $45.48.

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.