BI Asset Management Fondsmaeglerselskab A S Acquires 30,015 Shares of Chipotle Mexican Grill, Inc. $CMG

BI Asset Management Fondsmaeglerselskab A S raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,185 shares of the restaurant operator’s stock after acquiring an additional 30,015 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Chipotle Mexican Grill were worth $5,415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Operose Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth $25,000. Salomon & Ludwin LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $26,000. Lavaca Capital LLC purchased a new position in Chipotle Mexican Grill in the second quarter worth $28,000. Activest Wealth Management increased its stake in Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 270 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in Chipotle Mexican Grill in the third quarter valued at $29,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research note on Monday, December 29th. Jefferies Financial Group dropped their target price on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Morgan Stanley cut their target price on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Evercore restated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, December 19th. Twenty-two equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.24.

Chipotle Mexican Grill Trading Up 2.5%

Shares of NYSE:CMG opened at $39.42 on Friday. The company has a 50-day moving average price of $37.79 and a 200-day moving average price of $38.89. The company has a market cap of $51.34 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 2.47 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $59.09.

Chipotle Mexican Grill (NYSE:CMG) last released 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. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.Chipotle Mexican Grill’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, research analysts forecast 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.