AG2R LA Mondiale Gestion D Actifs Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 50,691 shares of Chipotle Mexican Grill, valued at approximately $2,539,000, as noted in their latest 13F filing with the SEC.
• Chipotle's latest quarterly earnings report showed a net margin of 13.32% and earnings per share (EPS) of $0.33, exceeding analysts’ expectations.
• Analysts generally maintain a positive outlook on Chipotle, with the average target price for the stock at $59.76, reflecting a consensus "Moderate Buy" rating.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,691 shares of the restaurant operator's stock, valued at approximately $2,539,000.

Several other hedge funds also recently added to or reduced their stakes in CMG. Nuveen LLC purchased a new position in Chipotle Mexican Grill in the first quarter valued at about $535,023,000. Goldman Sachs Group Inc. raised its position in Chipotle Mexican Grill by 98.1% in 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. raised its position in Chipotle Mexican Grill by 5,319.7% in 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 grew its stake in shares of Chipotle Mexican Grill by 7.6% during 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 acquiring an additional 4,027,016 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $127,892,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 0.5%

Shares of Chipotle Mexican Grill stock traded up $0.22 on Thursday, hitting $39.89. 11,836,992 shares of the company traded hands, compared to its average volume of 14,716,488. The company has a 50-day moving average price of $44.55 and a 200 day moving average price of $48.84. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The company has a market cap of $53.48 billion, a PE ratio of 35.62, a PEG ratio of 2.00 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the business earned $0.34 EPS. Chipotle Mexican Grill's quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Raymond James Financial lowered their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. KeyCorp lowered their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Wells Fargo & Company lowered their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Stephens restated an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, September 11th. Finally, TD Securities reiterated a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $59.76.

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.