Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $2.12 Million Position in Chipotle Mexican Grill, Inc. $CMG

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,350 shares of the restaurant operator’s stock, valued at approximately $2,122,000.

Other large investors have also modified their holdings of the company. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $25,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $25,000. Murphy & Mullick Capital Management Corp boosted its holdings in shares of Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. Winthrop Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $31,000. Finally, Ameriflex Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 109.4% in the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 465 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CMG shares. Morgan Stanley lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $48.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Stephens upped 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 report on Thursday, April 30th. BNP Paribas Exane upped their price target 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, UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 26th. Twenty-four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.03.

Chipotle Mexican Grill Price Performance

CMG stock opened at $32.95 on Thursday. The company has a fifty day moving average price of $33.38 and a 200 day moving average price of $35.22. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The company has a market cap of $42.27 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

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.