Landscape Capital Management L.L.C. Buys Shares of 200,564 Chipotle Mexican Grill, Inc. $CMG

Landscape Capital Management L.L.C. bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 200,564 shares of the restaurant operator’s stock, valued at approximately $6,819,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $711,837,000. Focus Partners Advisor Solutions LLC increased its position in shares of Chipotle Mexican Grill by 156.9% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock worth $2,156,000 after acquiring an additional 35,589 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab raised its stake in shares of Chipotle Mexican Grill by 40.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator’s stock valued at $9,138,000 after acquiring an additional 77,002 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $2,888,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $25,650,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 4.4%

Shares of NYSE CMG opened at $36.84 on Friday. The stock has a market capitalization of $46.62 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. The stock’s fifty day simple moving average is $33.80 and its two-hundred day simple moving average is $33.99. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $43.72.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CMG shares. TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Citigroup cut their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Mizuho lifted their price objective on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, Morgan Stanley lifted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Twenty-four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $44.16.

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.