Swiss Life Asset Management Ltd Grows Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Swiss Life Asset Management Ltd lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301,846 shares of the restaurant operator’s stock after purchasing an additional 21,253 shares during the period. Swiss Life Asset Management Ltd’s holdings in Chipotle Mexican Grill were worth $11,168,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMG. Revolve Wealth Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $224,000. Empowered Funds LLC lifted its position in shares of Chipotle Mexican Grill by 5.5% during the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 7,176.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Chipotle Mexican Grill by 88.8% during the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after purchasing an additional 129,066 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $32.67 on Wednesday. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42. The stock has a market cap of $41.91 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03. The firm has a fifty day moving average price of $33.81 and a 200 day moving average price of $35.51.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $3.07 billion. During the same period in the previous year, the company earned $0.29 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CMG shares. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Guggenheim reduced their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Raymond James Financial reduced their price target on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. DA Davidson initiated coverage on shares of Chipotle Mexican Grill in a research report on Friday, March 6th. They issued a “buy” rating and a $51.00 price target for the company. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Profile

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.