AXQ Capital LP Purchases Shares of 18,543 Chipotle Mexican Grill, Inc. $CMG

AXQ Capital LP acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,543 shares of the restaurant operator’s stock, valued at approximately $727,000.

A number of other large investors also recently modified their holdings of the company. Operose Advisors LLC bought a new position in Chipotle Mexican Grill during the second quarter valued at approximately $25,000. Salomon & Ludwin LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $26,000. Lavaca Capital LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $29,000. Finally, Murphy & Mullick Capital Management Corp raised its position in Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 400 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 2.6%

NYSE:CMG opened at $36.57 on Tuesday. The company has a 50-day moving average price of $38.47 and a 200-day moving average price of $38.20. The stock has a market cap of $47.63 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 2.30 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. Chipotle Mexican Grill’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CMG. Evercore restated an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. JPMorgan Chase & Co. dropped their target price on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Mizuho decreased their price target on Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $48.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Finally, BTIG Research restated a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $47.24.

Chipotle Mexican Grill Company 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.