iA Global Asset Management Inc. Takes Position in Chipotle Mexican Grill, Inc. $CMG

iA Global Asset Management Inc. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 298,980 shares of the restaurant operator’s stock, valued at approximately $11,062,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. May Hill Capital LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $258,000. Beese Fulmer Investment Management Inc. grew its position in shares of Chipotle Mexican Grill by 93.7% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 10,591 shares of the restaurant operator’s stock valued at $392,000 after purchasing an additional 5,123 shares during the last quarter. Canada Post Corp Registered Pension Plan grew its position in shares of Chipotle Mexican Grill by 57.2% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 30,290 shares of the restaurant operator’s stock valued at $1,121,000 after purchasing an additional 11,020 shares during the last quarter. Stephens Inc. AR grew its position in shares of Chipotle Mexican Grill by 35.7% in the fourth quarter. Stephens Inc. AR now owns 17,700 shares of the restaurant operator’s stock valued at $655,000 after purchasing an additional 4,656 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $337,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.2%

Shares of CMG stock opened at $32.59 on Monday. The stock has a market cap of $41.81 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. The stock has a 50 day simple moving average of $33.54 and a 200 day simple moving average of $35.32. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, May 5th. Morgan Stanley decreased their target price on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. BTIG Research reiterated a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Twenty-four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill 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.