KBC Group NV Trims Holdings in Chipotle Mexican Grill, Inc. $CMG

KBC Group NV decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 58.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,809 shares of the restaurant operator’s stock after selling 393,806 shares during the period. KBC Group NV’s holdings in Chipotle Mexican Grill were worth $9,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. Wealth Watch Advisors INC bought a new stake in Chipotle Mexican Grill in the third quarter valued at $25,000. MV Capital Management Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $26,000. Osbon Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $28,000. Merkkuri Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the first quarter worth about $28,000. Finally, Ankerstar Wealth LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CMG. Stephens lifted their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. BTIG Research restated a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Barclays dropped their price target on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $32.28 on Thursday. The firm has a market capitalization of $41.40 billion, a P/E ratio of 29.61, a PEG ratio of 2.18 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $53.03. The company’s 50-day simple moving average is $32.64 and its 200 day simple moving average is $34.80.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm earned $0.29 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

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.