Generali Asset Management SPA SGR Invests $2.73 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Generali Asset Management SPA SGR acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 45,335 shares of the restaurant operator’s stock, valued at approximately $2,734,000.

Other hedge funds also recently modified their holdings of the company. Evoke Wealth LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $223,000. Horizon Investments LLC boosted its position in Chipotle Mexican Grill by 11.8% in the 4th quarter. Horizon Investments LLC now owns 20,810 shares of the restaurant operator’s stock valued at $1,255,000 after buying an additional 2,202 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Chipotle Mexican Grill by 21.5% in the 4th quarter. Advisors Asset Management Inc. now owns 56,910 shares of the restaurant operator’s stock valued at $3,432,000 after buying an additional 10,056 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Chipotle Mexican Grill by 16.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,477,583 shares of the restaurant operator’s stock valued at $149,389,000 after buying an additional 354,805 shares during the last quarter. Finally, RD Lewis Holdings Inc. bought a new position in Chipotle Mexican Grill in the 4th quarter valued at $378,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.4 %

Shares of NYSE CMG opened at $48.94 on Thursday. The business’s 50 day moving average is $54.87 and its 200-day moving average is $57.77. The firm has a market cap of $66.33 billion, a P/E ratio of 44.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on CMG shares. Stephens decreased their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer upped their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Barclays dropped their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Truist Financial upped their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.74.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.