Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 235,040 shares of the restaurant operator’s stock after acquiring an additional 24,990 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Chipotle Mexican Grill were worth $8,696,000 at the end of the most recent reporting period.

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

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $32.59 on Friday. The firm has a market cap of $41.81 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The firm’s 50 day moving average price is $33.54 and its two-hundred day moving average price is $35.36.

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

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research analyst reports. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup lifted their price target on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. DA Davidson started coverage on shares of Chipotle Mexican Grill in a research report on Friday, March 6th. They issued a “buy” rating and a $51.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $48.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Finally, Raymond James Financial decreased 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 research report on Tuesday, April 21st. Twenty-four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill 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.