Groupama Asset Managment Has $4.31 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Groupama Asset Managment trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 31.4% in the second quarter, Holdings Channel reports. The fund owned 78,123 shares of the restaurant operator’s stock after selling 35,804 shares during the quarter. Groupama Asset Managment’s holdings in Chipotle Mexican Grill were worth $4,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. Nuveen LLC bought a new position in Chipotle Mexican Grill in the first quarter valued at about $535,023,000. Sustainable Growth Advisers LP acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $597,031,000. Goldman Sachs Group Inc. raised its holdings in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after buying an additional 4,903,969 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after buying an additional 4,027,016 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after buying an additional 2,404,798 shares during the period. Institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CMG shares. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Piper Sandler raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. BTIG Research lowered their target price on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Mizuho set a $34.00 target price on Chipotle Mexican Grill in a report on Thursday, October 30th. Finally, KeyCorp decreased their price target on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.81.

Chipotle Mexican Grill Trading Up 1.5%

Shares of CMG opened at $34.53 on Friday. The firm’s fifty day simple moving average is $36.75 and its two-hundred day simple moving average is $44.14. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $66.74. The stock has a market capitalization of $45.66 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 7.5% 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 Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.