Intact Investment Management Inc. Raises Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Intact Investment Management Inc. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 40.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,200 shares of the restaurant operator’s stock after buying an additional 13,400 shares during the period. Intact Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $1,811,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CMG. Sarasin & Partners LLP grew its holdings in Chipotle Mexican Grill by 1.1% during the 3rd quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock valued at $102,348,000 after buying an additional 27,366 shares in the last quarter. Rexford Capital Inc. grew its position in Chipotle Mexican Grill by 3,266.1% in the third quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock worth $575,000 after acquiring an additional 14,240 shares in the last quarter. Union Bancaire Privee UBP SA increased its position in shares of Chipotle Mexican Grill by 76.3% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock valued at $13,333,000 after purchasing an additional 154,512 shares during the last quarter. Hilltop National Bank purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $2,579,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Chipotle Mexican Grill by 7.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock worth $145,793,000 after buying an additional 171,466 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 18th. Raymond James Financial upped their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Northcoast Research lowered shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Stephens dropped their target price on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.23.

Chipotle Mexican Grill Trading Down 2.8%

Shares of CMG opened at $39.72 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $59.57. The firm has a market cap of $52.52 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 3.85 and a beta of 0.97. The company’s 50-day moving average price is $36.57 and its 200 day moving average price is $39.62.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.