National Bank of Canada FI Boosts Stake in Chipotle Mexican Grill, Inc. $CMG

by · The Markets Daily

National Bank of Canada FI increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 42.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,704,942 shares of the restaurant operator’s stock after purchasing an additional 507,058 shares during the quarter. National Bank of Canada FI owned 0.13% of Chipotle Mexican Grill worth $95,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Corient IA LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $753,000. Advisors Asset Management Inc. increased its stake in shares of Chipotle Mexican Grill by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock worth $3,784,000 after purchasing an additional 18,458 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at $2,579,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Chipotle Mexican Grill by 7.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock valued at $145,793,000 after purchasing an additional 171,466 shares during the period. Finally, Dillon & Associates Inc. lifted its stake in shares of Chipotle Mexican Grill by 5.1% during the 2nd quarter. Dillon & Associates Inc. now owns 287,433 shares of the restaurant operator’s stock valued at $16,096,000 after buying an additional 14,037 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CMG. Barclays decreased their price target on Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 8th. Mizuho set a $34.00 price target on Chipotle Mexican Grill in a report on Thursday, October 30th. Raymond James Financial restated an “outperform” rating and issued a $40.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Finally, UBS Group set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.81.

Read Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $36.13 on Monday. The company has a market cap of $47.77 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 3.69 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $66.43. The stock’s 50 day simple moving average is $35.63 and its two-hundred day simple moving average is $42.85.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the company earned $0.27 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

About Chipotle Mexican Grill

(Free Report)

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.

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