Impax Asset Management Group plc Has $26.68 Million Position in Chipotle Mexican Grill, Inc. $CMG

Impax Asset Management Group plc lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 33.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 475,171 shares of the restaurant operator’s stock after acquiring an additional 118,087 shares during the period. Impax Asset Management Group plc’s holdings in Chipotle Mexican Grill were worth $26,681,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $535,023,000. Goldman Sachs Group Inc. increased its position in shares of Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the period. Montrusco Bolton Investments Inc. increased its position in shares of Chipotle Mexican Grill by 5,319.7% during the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Chipotle Mexican Grill by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Chipotle Mexican Grill by 8.0% in the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMG. Guggenheim lowered their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Royal Bank Of Canada decreased their target price on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Sanford C. Bernstein reissued an “outperform” rating and issued a $40.00 target price (down previously from $60.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, October 8th. Finally, Citigroup cut their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Stock Up 5.0%

Shares of Chipotle Mexican Grill stock opened at $31.30 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $66.74. The stock has a market capitalization of $41.39 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. The company has a 50-day simple moving average of $38.56 and a 200 day simple moving average of $45.67.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

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.