Chipotle Mexican Grill, Inc. $CMG Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 301,846 shares of the restaurant operator’s stock after purchasing an additional 21,253 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Chipotle Mexican Grill were worth $11,168,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners acquired a new position in Chipotle Mexican Grill in the third quarter valued at $25,000. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill in the third quarter valued at $25,000. Murphy & Mullick Capital Management Corp increased its stake in shares of Chipotle Mexican Grill by 106.7% during the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 400 shares during the period. Winthrop Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $31,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $32,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 2.4%

Shares of CMG opened at $32.67 on Wednesday. The firm’s 50-day moving average is $33.81 and its two-hundred day moving average is $35.51. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The firm has a market capitalization of $41.91 billion, a P/E ratio of 29.98, a PEG ratio of 2.05 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results 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 company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. BTIG Research reiterated a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Zacks Research upgraded shares of 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 given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.