Eurizon Capital SGR S.p.A. Invests $29.05 Million in Chipotle Mexican Grill, Inc. $CMG

Eurizon Capital SGR S.p.A. purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 785,128 shares of the restaurant operator’s stock, valued at approximately $29,050,000.

Several other large investors have also modified their holdings of CMG. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the third quarter worth about $25,000. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth about $25,000. Murphy & Mullick Capital Management Corp lifted its position 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 purchasing an additional 400 shares during the last quarter. Winthrop Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth about $31,000. Finally, Ameriflex Group Inc. lifted its position in shares of Chipotle Mexican Grill by 109.4% during the third quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Key Chipotle Mexican Grill News

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

Analysts Set New Price Targets

CMG has been the topic of several research analyst reports. BNP Paribas Exane increased their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. TD Cowen restated a “buy” rating and issued a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, May 5th. Stephens lifted their target price on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Twenty-four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.03.

Check Out Our Latest Research Report on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Down 1.6%

Shares of CMG stock opened at $31.90 on Friday. The business has a 50 day moving average of $33.24 and a two-hundred day moving average of $35.26. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The company has a market cap of $40.92 billion, a P/E ratio of 29.27, a PEG ratio of 2.05 and a beta of 1.03.

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

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.

Further Reading

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

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