iA Global Asset Management Inc. Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

iA Global Asset Management Inc. lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 51.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,130 shares of the restaurant operator’s stock after selling 4,448 shares during the quarter. iA Global Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. First National Bank of Hutchinson raised its position in shares of Chipotle Mexican Grill by 2.8% in the 4th quarter. First National Bank of Hutchinson now owns 13,750 shares of the restaurant operator’s stock worth $829,000 after purchasing an additional 373 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Chipotle Mexican Grill by 26.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 20,203 shares of the restaurant operator’s stock worth $1,218,000 after buying an additional 4,177 shares in the last quarter. Wulff Hansen & CO. bought a new stake in Chipotle Mexican Grill in the 4th quarter worth about $241,000. Vinva Investment Management Ltd increased its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after buying an additional 21,864 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Chipotle Mexican Grill by 6.0% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 21,345 shares of the restaurant operator’s stock worth $1,287,000 after buying an additional 1,203 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $48.52 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The company has a 50 day simple moving average of $54.53 and a two-hundred day simple moving average of $57.69. The firm has a market cap of $65.76 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wedbush reduced their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Oppenheimer lifted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Citigroup boosted their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, Stephens reduced their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

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.