BlueSpruce Investments LP Boosts Stake in Chipotle Mexican Grill, Inc. $CMG

BlueSpruce Investments LP grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24,760.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,930,732 shares of the restaurant operator’s stock after purchasing an additional 3,914,921 shares during the period. Chipotle Mexican Grill makes up 5.1% of BlueSpruce Investments LP’s investment portfolio, making the stock its 11th largest position. BlueSpruce Investments LP owned 0.29% of Chipotle Mexican Grill worth $220,711,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMG. Ascent Group LLC lifted its position in Chipotle Mexican Grill by 3.5% in the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock valued at $323,000 after buying an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB lifted its holdings in shares of Chipotle Mexican Grill by 0.3% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock worth $3,326,000 after acquiring an additional 194 shares during the last quarter. Occidental Asset Management LLC boosted its position in shares of Chipotle Mexican Grill by 2.8% during the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 195 shares during the period. Perennial Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 3.1% during the 2nd quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 200 shares during the period. Finally, Quent Capital LLC increased its holdings in Chipotle Mexican Grill by 2.0% in the 2nd quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after purchasing an additional 208 shares during the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CMG. Barclays decreased their price target on Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Mizuho set a $34.00 price objective on Chipotle Mexican Grill in a report on Thursday, October 30th. KeyCorp lowered their target price on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Zacks Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Finally, UBS Group set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Stock Up 3.6%

Shares of Chipotle Mexican Grill stock opened at $36.13 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $66.43. The company has a market capitalization of $47.77 billion, a P/E ratio of 31.97, a P/E/G ratio of 3.56 and a beta of 0.99. The company has a 50 day moving average of $35.63 and a 200 day moving average of $42.96.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $3 billion for 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 was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

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.