National Bank of Canada FI Raises Position in Chipotle Mexican Grill, Inc. $CMG

National Bank of Canada FI grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 42.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,704,942 shares of the restaurant operator’s stock after purchasing an additional 507,058 shares during the period. National Bank of Canada FI’s holdings in Chipotle Mexican Grill were worth $95,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Operose Advisors LLC bought a new position in Chipotle Mexican Grill during the second quarter valued at $25,000. Saudi Central Bank purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $27,000. 1248 Management LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at approximately $28,000. Finally, Lavaca Capital LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $28,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CMG shares. Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Royal Bank Of Canada cut their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, September 3rd. Finally, Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Price Performance

CMG stock opened at $36.13 on Monday. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.43. The business has a 50-day moving average price of $35.63 and a 200 day moving average price of $42.85. The company has a market capitalization of $47.77 billion, a P/E ratio of 31.97, a PEG ratio of 3.69 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.