Marsico Capital Management LLC Purchases 266,835 Shares of Chipotle Mexican Grill, Inc. $CMG

Marsico Capital Management LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 234.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 380,677 shares of the restaurant operator’s stock after purchasing an additional 266,835 shares during the period. Marsico Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $14,085,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Andra AP fonden bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $1,972,000. Aviva PLC raised its stake in shares of Chipotle Mexican Grill by 5.4% in the fourth quarter. Aviva PLC now owns 1,135,404 shares of the restaurant operator’s stock worth $42,010,000 after acquiring an additional 58,294 shares during the last quarter. Caerus Investment Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $460,000. ICICI Prudential Asset Management Co Ltd bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $2,997,000. Finally, Qtron Investments LLC raised its stake in shares of Chipotle Mexican Grill by 45.6% in the fourth quarter. Qtron Investments LLC now owns 15,621 shares of the restaurant operator’s stock worth $578,000 after acquiring an additional 4,893 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Up 2.9%

Chipotle Mexican Grill stock opened at $31.30 on Friday. The stock has a market capitalization of $40.15 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $58.42. The company has a 50 day moving average of $32.76 and a 200-day moving average of $35.21.

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, meeting the consensus estimate of $0.24. The company had revenue of $3.09 billion during 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 business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CMG shares. DA Davidson started coverage on shares of Chipotle Mexican Grill in a research note on Friday, March 6th. They issued a “buy” rating and a $51.00 target price for the company. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $37.00 to $40.00 in a research note on Friday, March 20th. BNP Paribas Exane boosted their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley set a $37.00 target price on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. Twenty-four investment 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, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $45.48.

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.