Hexavest Inc. bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 118,373 shares of the restaurant operator’s stock, valued at approximately $34,213,000. Hexavest Inc. owned 0.42% of Chipotle Mexican Grill at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in CMG. Carmignac Gestion boosted its holdings in Chipotle Mexican Grill by 162.5% during the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after acquiring an additional 319,875 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Chipotle Mexican Grill by 169.1% in the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock valued at $185,622,000 after buying an additional 280,300 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 196.5% in the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after buying an additional 177,530 shares during the period. Check Capital Management Inc. CA purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $54,272,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Chipotle Mexican Grill by 332.5% in the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock valued at $49,782,000 after buying an additional 124,330 shares during the period. Institutional investors own 88.43% of the company’s stock.
Several equities analysts have recently issued reports on the company. Citigroup upgraded Chipotle Mexican Grill to a “market perform” rating in a research note on Friday. They noted that the move was a valuation call. Raymond James Financial upgraded Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a research note on Friday. Maxim Group reiterated a “buy” rating and issued a $425.00 price objective (up previously from $400.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Bank of America cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $390.00 to $285.00 in a research note on Wednesday, October 18th. Finally, Deutsche Bank set a $250.00 price objective on Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and a consensus target price of $359.26.
Chipotle Mexican Grill, Inc. (CMG) opened at $343.87 on Friday. The company has a market capitalization of $9,529.46, a P/E ratio of 66.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.50. Chipotle Mexican Grill, Inc. has a 12-month low of $263.00 and a 12-month high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.91). The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. research analysts predict that Chipotle Mexican Grill, Inc. will post 6.58 earnings per share for the current fiscal year.
Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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