Sapient Capital LLC Purchases Shares of 44,650 Chipotle Mexican Grill, Inc. $CMG

by · The Markets Daily

Sapient Capital LLC purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,650 shares of the restaurant operator’s stock, valued at approximately $1,782,000.

Other hedge funds have also recently made changes to their positions in the company. Valicenti Advisory Services Inc. grew its holdings in shares of Chipotle Mexican Grill by 50.8% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 99,850 shares of the restaurant operator’s stock valued at $3,913,000 after purchasing an additional 33,620 shares during the last quarter. 180 Wealth Advisors LLC boosted its position in Chipotle Mexican Grill by 140.9% during the third quarter. 180 Wealth Advisors LLC now owns 12,196 shares of the restaurant operator’s stock valued at $478,000 after buying an additional 7,133 shares during the period. Townsend Asset Management Corp NC ADV bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at about $375,000. Comprehensive Financial Consultants Institutional Inc. grew its stake in shares of Chipotle Mexican Grill by 34.7% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 48,908 shares of the restaurant operator’s stock valued at $1,917,000 after buying an additional 12,610 shares during the last quarter. Finally, Orange Investment Advisors Inc. increased its holdings in shares of Chipotle Mexican Grill by 3.3% in the third quarter. Orange Investment Advisors Inc. now owns 165,835 shares of the restaurant operator’s stock worth $6,499,000 after buying an additional 5,248 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.3%

NYSE:CMG opened at $37.80 on Friday. The firm’s fifty day simple moving average is $34.83 and its 200 day simple moving average is $41.95. The stock has a market cap of $49.98 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 3.86 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $61.16.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on CMG. Weiss Ratings restated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday, December 22nd. BTIG Research dropped their price objective on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Zacks Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Robert W. Baird lowered their price target on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $49.81.

Read Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Profile

(Free Report)

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.

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