Impax Asset Management Group plc Has $21.30 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Impax Asset Management Group plc boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 543,604 shares of the restaurant operator’s stock after purchasing an additional 68,433 shares during the quarter. Impax Asset Management Group plc’s holdings in Chipotle Mexican Grill were worth $21,304,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CMG. Revolve Wealth Partners LLC grew its stake in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the period. Bison Wealth LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $224,000. Empowered Funds LLC increased its position in shares of Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after acquiring an additional 1,368 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in Chipotle Mexican Grill by 84.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,378 shares of the restaurant operator’s stock valued at $751,000 after buying an additional 6,120 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Chipotle Mexican Grill by 41.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 51,097 shares of the restaurant operator’s stock valued at $2,869,000 after buying an additional 14,939 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $48.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Royal Bank Of Canada reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Mizuho decreased their target price on Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, Truist Financial upped 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. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.24.

Chipotle Mexican Grill Trading Down 2.9%

Shares of CMG opened at $38.43 on Wednesday. The firm’s fifty day simple moving average is $37.98 and its two-hundred day simple moving average is $38.59. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The stock has a market capitalization of $50.05 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99.

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

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.