Generali Asset Management SPA SGR Trims Holdings in Chipotle Mexican Grill, Inc. $CMG

Generali Asset Management SPA SGR reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 55.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,141 shares of the restaurant operator’s stock after selling 54,064 shares during the period. Generali Asset Management SPA SGR’s holdings in Chipotle Mexican Grill were worth $1,633,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. MGO One Seven LLC lifted its holdings in shares of Chipotle Mexican Grill by 87.9% during the 4th quarter. MGO One Seven LLC now owns 77,352 shares of the restaurant operator’s stock worth $2,862,000 after acquiring an additional 36,183 shares during the period. Cassaday & Co Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill by 15.3% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 17,013 shares of the restaurant operator’s stock worth $629,000 after buying an additional 2,259 shares during the last quarter. Crestwood Advisors Group LLC raised its position in shares of Chipotle Mexican Grill by 24.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 9,051 shares of the restaurant operator’s stock worth $335,000 after buying an additional 1,795 shares during the period. Maple Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 1.0% in the 4th quarter. Maple Capital Management Inc. now owns 369,148 shares of the restaurant operator’s stock worth $13,658,000 after buying an additional 3,532 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $273,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $32.43 on Monday. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $58.42. The company’s 50 day moving average price is $34.13 and its 200 day moving average price is $35.71. The firm has a market capitalization of $41.60 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.09 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last posted 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 for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm posted $0.29 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. DA Davidson assumed coverage on Chipotle Mexican Grill in a research report on Friday, March 6th. They set a “buy” rating and a $51.00 price target for the company. Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Telsey Advisory Group cut their price target on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. TD Cowen restated a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $46.03.

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.