Chipotle Mexican Grill, Inc. $CMG Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,266,619 shares of the restaurant operator’s stock after buying an additional 1,053,639 shares during the period. Assenagon Asset Management S.A. owned 0.32% of Chipotle Mexican Grill worth $157,865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Operose Advisors LLC purchased a new stake in Chipotle Mexican Grill in the second quarter valued at $25,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth about $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth about $26,000. Finally, Lavaca Capital LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Telsey Advisory Group decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $37.00 to $40.00 in a research report on Friday. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 18th. Finally, Argus reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, February 5th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.47.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $33.36 on Tuesday. The firm has a market capitalization of $43.44 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The firm’s 50-day moving average is $37.34 and its two-hundred day moving average is $37.14.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts expect 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.