Dockside LLC Takes $1.80 Million Position in Chipotle Mexican Grill, Inc. $CMG

Dockside LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,537 shares of the restaurant operator’s stock, valued at approximately $1,796,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Revolve Wealth Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the period. Centurion Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill by 3.1% in the fourth quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 260 shares during the period. City State Bank boosted its stake in shares of Chipotle Mexican Grill by 13.4% in the fourth quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after purchasing an additional 275 shares during the period. Cromwell Holdings LLC boosted its stake in shares of Chipotle Mexican Grill by 7.4% in the fourth quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 295 shares during the period. Finally, Catalyst Financial Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $32.20 on Friday. The firm’s fifty day simple moving average is $32.75 and its 200-day simple moving average is $35.19. The stock has a market capitalization of $41.30 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.07 and a beta of 0.99. 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 announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CMG shares. JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $38.00 to $35.00 in a research note on Friday, June 5th. Raymond James Financial lowered their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Morgan Stanley set a $37.00 target price on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Stephens raised their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Twenty-four equities research 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.48.

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.