LGT Fund Management Co Ltd. Purchases New Shares in Chipotle Mexican Grill, Inc. $CMG

LGT Fund Management Co Ltd. purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 59,184 shares of the restaurant operator’s stock, valued at approximately $1,894,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Watch Advisors INC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $25,000. MV Capital Management Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $26,000. Osbon Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $28,000. Merkkuri Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth about $28,000. Finally, Ankerstar Wealth LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter worth about $33,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CMG. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. BTIG Research reissued a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Barclays cut their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Finally, Citigroup increased their target price on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.10.

Read Our Latest Stock Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $35.32 on Monday. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $56.31. The company has a 50-day moving average of $32.36 and a 200 day moving average of $34.97. The firm has a market cap of $45.30 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Chipotle Mexican Grill News Roundup

Here are the key news stories impacting Chipotle Mexican Grill this week:

About Chipotle Mexican Grill

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report).

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.