DLK Investment Management LLC Cuts Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

DLK Investment Management LLC reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,218 shares of the restaurant operator’s stock after selling 30,083 shares during the quarter. DLK Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $2,635,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Chipotle Mexican Grill by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock worth $4,935,092,000 after acquiring an additional 2,470,213 shares during the last quarter. Capital World Investors lifted its position in Chipotle Mexican Grill by 122.7% in the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Capital International Investors boosted its stake in shares of Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after purchasing an additional 11,471,658 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Chipotle Mexican Grill by 1.9% during the second quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock valued at $1,859,211,000 after purchasing an additional 606,190 shares during the period. Finally, Norges Bank bought a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $1,001,668,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on shares of Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Truist Financial raised their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Finally, Telsey Advisory Group dropped their target price on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Twenty-four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.47.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $30.85 on Friday. The company has a 50-day simple moving average of $36.70 and a two-hundred day simple moving average of $36.94. The stock has a market capitalization of $40.18 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42.

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

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.