Kazazian Asset Management LLC Purchases 25,673 Shares of Chipotle Mexican Grill, Inc. $CMG

Kazazian Asset Management LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 112.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,477 shares of the restaurant operator’s stock after purchasing an additional 25,673 shares during the quarter. Chipotle Mexican Grill makes up about 1.9% of Kazazian Asset Management LLC’s portfolio, making the stock its 11th largest position. Kazazian Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $1,794,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the period. Centurion Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 3.1% during the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after acquiring an additional 260 shares during the period. City State Bank lifted its position in shares of Chipotle Mexican Grill by 13.4% during the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after acquiring an additional 275 shares during the period. Cromwell Holdings LLC lifted its position in shares of Chipotle Mexican Grill by 7.4% during the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after acquiring an additional 295 shares during the period. Finally, Catalyst Financial Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.6% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after acquiring an additional 298 shares during the period. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.1%

CMG opened at $32.84 on Monday. The company’s fifty day moving average price is $33.32 and its two-hundred day moving average price is $35.24. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42. The company has a market cap of $42.13 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.12 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James Financial dropped their target price on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Morgan Stanley dropped their target price on shares of 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. Stephens boosted their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. BNP Paribas Exane boosted their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Citigroup boosted their target price on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.03.

About Chipotle Mexican Grill

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.