iA Global Asset Management Inc. Acquires 755,764 Shares of Chipotle Mexican Grill, Inc. $CMG

iA Global Asset Management Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 252.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,054,744 shares of the restaurant operator’s stock after buying an additional 755,764 shares during the quarter. iA Global Asset Management Inc. owned approximately 0.08% of Chipotle Mexican Grill worth $33,762,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CMG. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $25,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. MV Capital Management Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $26,000. Osbon Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $28,000. Finally, Winthrop Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the third quarter valued at approximately $31,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 3.1%

Shares of Chipotle Mexican Grill stock opened at $34.00 on Wednesday. The firm’s 50 day simple moving average is $32.30 and its two-hundred day simple moving average is $35.08. The firm has a market capitalization of $43.61 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 2.12 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on CMG. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their target price for the company from $37.00 to $40.00 in a research note on Friday, March 20th. DA Davidson began coverage on Chipotle Mexican Grill in a research report on Friday, March 6th. They set a “buy” rating and a $51.00 price target on the stock. Stephens increased their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Barclays lowered their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, Citigroup upped their target price on Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.10.

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.