Leonteq Securities AG Buys New Holdings in Chipotle Mexican Grill, Inc. $CMG

Leonteq Securities AG acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 100,879 shares of the restaurant operator’s stock, valued at approximately $3,733,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC raised its holdings in 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 worth $290,000 after purchasing an additional 214 shares in the last quarter. Bison Wealth LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $224,000. Empowered Funds LLC raised its holdings in Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 1,368 shares in the last quarter. Osterweis Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 7,176.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in Chipotle Mexican Grill by 88.8% during the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after purchasing an additional 129,066 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CMG shares. Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Morgan Stanley cut their price objective on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Stephens raised their price objective on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Telsey Advisory Group lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Twenty-four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $46.03.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $32.95 on Thursday. The firm’s fifty day simple moving average is $33.38 and its 200-day simple moving average is $35.22. The stock has a market capitalization of $42.27 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 2.13 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 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.

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.