Unisphere Establishment Acquires 850,000 Shares of Chipotle Mexican Grill, Inc. $CMG

Unisphere Establishment lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 42.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,850,000 shares of the restaurant operator’s stock after purchasing an additional 850,000 shares during the quarter. Chipotle Mexican Grill accounts for about 0.8% of Unisphere Establishment’s portfolio, making the stock its 29th biggest position. Unisphere Establishment’s holdings in Chipotle Mexican Grill were worth $91,228,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $1,597,000. Norges Bank acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $711,837,000. Focus Partners Advisor Solutions LLC lifted its stake in Chipotle Mexican Grill by 156.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after purchasing an additional 35,589 shares during the last quarter. Marsico Capital Management LLC lifted its stake in Chipotle Mexican Grill by 234.4% in the 4th quarter. Marsico Capital Management LLC now owns 380,677 shares of the restaurant operator’s stock valued at $14,085,000 after purchasing an additional 266,835 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $2,890,000. Institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CMG. BNP Paribas Exane boosted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Citigroup reduced their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Finally, Barclays lowered their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Twenty-three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

Chipotle Mexican Grill Trading Down 0.7%

Shares of Chipotle Mexican Grill stock opened at $31.79 on Friday. The business has a 50-day moving average price of $32.62 and a two-hundred day moving average price of $34.74. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $47.18. The company has a market cap of $40.78 billion, a P/E ratio of 29.17, a PEG ratio of 2.09 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

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.