Asahi Life Asset Management CO. LTD. Acquires New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Asahi Life Asset Management CO. LTD. acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 245 shares of the restaurant operator’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Byrne Asset Management LLC lifted its stake in shares of Chipotle Mexican Grill by 52.6% in the second quarter. Byrne Asset Management LLC now owns 29 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 10 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $44,000. Private Trust Co. NA purchased a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $47,000. First PREMIER Bank increased its holdings in Chipotle Mexican Grill by 65.0% during the 3rd quarter. First PREMIER Bank now owns 33 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 13 shares in the last quarter. Finally, Fieldpoint Private Securities LLC increased its holdings in Chipotle Mexican Grill by 1,900.0% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 40 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 93.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Raymond James raised their target price on shares of Chipotle Mexican Grill from $1,700.00 to $1,750.00 and gave the company an “outperform” rating in a report on Wednesday, October 5th. Royal Bank of Canada raised their target price on shares of Chipotle Mexican Grill from $1,825.00 to $1,850.00 and gave the company an “outperform” rating in a report on Wednesday, October 26th. Barclays dropped their target price on shares of Chipotle Mexican Grill from $1,510.00 to $1,450.00 and set an “equal weight” rating for the company in a report on Thursday, January 5th. Citigroup raised their target price on shares of Chipotle Mexican Grill to $1,888.00 in a report on Thursday, October 27th. Finally, Oppenheimer restated an “outperform” rating and set a $1,800.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, October 18th. Six investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $1,811.84.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded down $35.09 during trading on Wednesday, reaching $1,560.00. The company had a trading volume of 35,384 shares, compared to its average volume of 258,449. Chipotle Mexican Grill, Inc. has a 12-month low of $1,196.28 and a 12-month high of $1,754.56. The stock’s 50 day moving average price is $1,489.24 and its two-hundred day moving average price is $1,523.23. The firm has a market capitalization of $43.24 billion, a price-to-earnings ratio of 55.52, a PEG ratio of 1.40 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its earnings results on Tuesday, October 25th. The restaurant operator reported $9.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.11 by $0.40. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. Chipotle Mexican Grill had a net margin of 9.61% and a return on equity of 38.03%. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 33.38 earnings per share for the current year.

Chipotle Mexican Grill Profile

(Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of September 30, 2022, it owned and operated approximately 3,100 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

Recommended 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:CMGGet Rating).

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.