78,910 Shares in Chipotle Mexican Grill, Inc. $CMG Bought by Maverick Capital Ltd.

by · The Markets Daily

Maverick Capital Ltd. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 78,910 shares of the restaurant operator’s stock, valued at approximately $4,431,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CMG. Operose Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Saudi Central Bank bought a new stake in Chipotle Mexican Grill during the first quarter worth approximately $27,000. 1248 Management LLC bought a new stake in Chipotle Mexican Grill during the first quarter worth approximately $27,000. Signature Resources Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $28,000. Finally, Lavaca Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMG shares. BTIG Research cut their target price on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Mizuho set a $34.00 price target on Chipotle Mexican Grill in a research report on Thursday, October 30th. Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company reduced their target price on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Evercore ISI lowered their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.81.

Read Our Latest Research Report on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Up 2.7%

CMG stock opened at $34.86 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $66.74. The firm has a market cap of $46.09 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 3.47 and a beta of 0.99. The business’s fifty day simple moving average is $35.74 and its two-hundred day simple moving average is $43.06.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm 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 business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.

Further Reading

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