OP Asset Management Ltd Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

OP Asset Management Ltd acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 135,879 shares of the restaurant operator’s stock, valued at approximately $4,349,000.

A number of other large investors also recently modified their holdings of the company. Wealth Watch Advisors INC purchased a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $25,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $25,000. MV Capital Management Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $26,000. Osbon Capital Management LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $28,000. Finally, Winthrop Capital Management LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth $31,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CMG. Guggenheim cut their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Raymond James Financial decreased their price objective on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. BTIG Research reissued a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. DA Davidson started coverage on Chipotle Mexican Grill in a report on Friday, March 6th. They set a “buy” rating and a $51.00 target price for the company. Finally, Mizuho upgraded Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $37.00 to $40.00 in a research report on Friday, March 20th. Twenty-three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $45.10.

Chipotle Mexican Grill Trading Up 3.4%

CMG stock opened at $33.37 on Friday. The stock has a market capitalization of $42.80 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.08 and a beta of 0.99. The firm’s 50-day moving average price is $32.37 and its two-hundred day moving average price is $35.08. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $58.42.

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