Moore Capital Management LP Invests $19.42 Million in Chipotle Mexican Grill, Inc. $CMG

Moore Capital Management LP acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 524,888 shares of the restaurant operator’s stock, valued at approximately $19,421,000.

Other large investors have also modified their holdings of the company. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth about $25,000. Wealth Watch Advisors INC purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth about $25,000. Winthrop Capital Management LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at approximately $31,000. Ankerstar Wealth LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $33,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $34,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 2.3%

CMG stock opened at $31.87 on Thursday. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $58.42. The company has a market capitalization of $40.88 billion, a P/E ratio of 29.24, a PEG ratio of 2.10 and a beta of 0.99. The firm has a 50 day simple moving average of $32.70 and a 200-day simple moving average of $35.19.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly 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 business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on CMG shares. BNP Paribas Exane raised their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Raymond James Financial cut their price target on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Barclays cut their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings lowered shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Finally, Stephens raised their price target 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. Twenty-three 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 company. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $45.10.

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.