Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Axa S.A.

Axa S.A. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,059,315 shares of the restaurant operator's stock after purchasing an additional 592,644 shares during the period. Axa S.A. owned approximately 0.22% of Chipotle Mexican Grill worth $184,477,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CMG. Mercer Global Advisors Inc. ADV grew its stake in shares of Chipotle Mexican Grill by 51.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 195,887 shares of the restaurant operator's stock valued at $11,812,000 after buying an additional 66,675 shares in the last quarter. Keel Point LLC boosted its holdings in Chipotle Mexican Grill by 4.7% in the 4th quarter. Keel Point LLC now owns 17,737 shares of the restaurant operator's stock worth $1,070,000 after acquiring an additional 790 shares during the period. Westbourne Investments Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $829,000. Bison Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $224,000. Finally, Connors Investor Services Inc. acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $241,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $51.58 on Friday. The firm has a fifty day moving average of $49.95 and a 200-day moving average of $56.01. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 46.46, 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 $44.46 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $13.37 EPS. Chipotle Mexican Grill's revenue was up 6.4% on a year-over-year basis. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMG. Stifel Nicolaus lowered their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Robert W. Baird dropped their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Stephens reduced their price target on Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Royal Bank of Canada dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research note on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.74.

Chipotle Mexican Grill Company 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.

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