ICICI Prudential Asset Management Co Ltd Makes New $3 Million Investment in Chipotle Mexican Grill, Inc. $CMG

ICICI Prudential Asset Management Co Ltd purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, Holdings Channel reports. The fund purchased 81,000 shares of the restaurant operator’s stock, valued at approximately $2,997,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Revolve Wealth Partners LLC increased its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the period. Centurion Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 3.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 260 shares during the period. City State Bank raised its stake in shares of Chipotle Mexican Grill by 13.4% in the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 275 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of Chipotle Mexican Grill by 7.4% during the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock worth $159,000 after acquiring an additional 295 shares during the period. Finally, Catalyst Financial Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.6% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after acquiring an additional 298 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $31.30 on Friday. The company has a market capitalization of $40.15 billion, a P/E ratio of 28.72, a PEG ratio of 1.96 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $58.42. The business’s 50 day simple moving average is $32.76 and its 200-day simple moving average is $35.21.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The firm 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%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CMG shares. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $37.00 to $40.00 in a research report on Friday, March 20th. Weiss Ratings lowered Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, May 5th. BNP Paribas Exane boosted their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial lowered their price target on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Twenty-four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.48.

Chipotle Mexican Grill Company 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.