Aware Super Pty Ltd as trustee of Aware Super Acquires New Holdings in Chipotle Mexican Grill, Inc. $CMG

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 283,001 shares of the restaurant operator’s stock, valued at approximately $9,059,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Watch Advisors INC purchased a new stake in Chipotle Mexican Grill during the third quarter valued at about $25,000. MV Capital Management Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $26,000. Osbon Capital Management LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter worth approximately $28,000. Merkkuri Wealth Advisors LLC bought a new position in Chipotle Mexican Grill during the first quarter valued at about $28,000. Finally, Ankerstar Wealth LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Key Chipotle Mexican Grill News

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Chipotle and Wendy’s said their restaurants were not affected by the cyclosporiasis outbreak linked to lettuce at some Taco Bell locations, easing fears that the issue would spread to other fast-casual chains. Reuters article on cyclosporiasis outbreak
• Positive Sentiment: Chipotle opened its first restaurant in Mexico, a long-awaited international debut that could expand the brand’s growth runway and support sentiment around future store growth. Reuters article on Mexico debut
• Neutral Sentiment: Several analysts and market commentary pieces framed CMG as having improving traffic and rewards growth, but also noted that valuation and margin pressure remain key debates for the stock. Yahoo Finance comparison article
• Neutral Sentiment: Some commentary said Chipotle still looks fully priced after its recent decline, suggesting valuation may limit upside even after the recent rebound. Yahoo Finance valuation article
• Negative Sentiment: At least one market update said Chipotle underperformed peers on Thursday, reinforcing that the stock has been volatile and is still recovering from a sharp year-to-date slide. MarketWatch underperformance article

Chipotle Mexican Grill Trading Up 0.8%

Chipotle Mexican Grill stock opened at $34.47 on Friday. The company has a fifty day simple moving average of $32.60 and a 200 day simple moving average of $34.90. The company has a market cap of $44.22 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $54.29.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on CMG. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Citigroup decreased their target price on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. BNP Paribas Exane boosted their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

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.