Impax Asset Management Group plc Buys 68,433 Shares of Chipotle Mexican Grill, Inc. $CMG

Impax Asset Management Group plc boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 543,604 shares of the restaurant operator’s stock after purchasing an additional 68,433 shares during the quarter. Impax Asset Management Group plc’s holdings in Chipotle Mexican Grill were worth $21,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $25,000. Salomon & Ludwin LLC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $26,000. Lavaca Capital LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Activest Wealth Management grew its stake in Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 270 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $29,000. 91.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent research reports. Sanford C. Bernstein increased their target price on Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Stifel Nicolaus lowered their price objective on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Evercore reissued an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. Finally, Zacks Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.24.

Chipotle Mexican Grill Stock Down 2.9%

Shares of CMG stock opened at $38.43 on Wednesday. The firm has a market cap of $50.05 billion, a P/E ratio of 33.71, a PEG ratio of 2.42 and a beta of 0.99. The company has a 50 day moving average of $37.98 and a 200-day moving average of $38.59. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.