Generali Asset Management SPA SGR Has $5.10 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Generali Asset Management SPA SGR increased its holdings in Chipotle Mexican Grill by 104.1%, now owning 90,777 shares valued at approximately $5.1 million.
• Chipotle's stock is currently trading at $41.77, reflecting a 0.8% decrease recently, with a market cap of $56 billion.
• The company reported $3.06 billion in revenue for the last quarter, which was below the consensus estimate of $3.11 billion, although it exceeded earnings per share expectations.

Generali Asset Management SPA SGR lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 104.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,777 shares of the restaurant operator's stock after acquiring an additional 46,293 shares during the quarter. Generali Asset Management SPA SGR's holdings in Chipotle Mexican Grill were worth $5,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CMG. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $25,000. Saudi Central Bank acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 0.8%

CMG stock opened at $41.77 on Thursday. The business's fifty day moving average is $41.12 and its 200-day moving average is $47.47. The company has a market cap of $56.00 billion, a P/E ratio of 37.29, a price-to-earnings-growth ratio of 2.54 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74.

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

Analysts Set New Price Targets

Several research analysts have issued reports on CMG shares. Raymond James Financial reduced their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Evercore ISI reduced their price objective on Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating on the stock in a report on Tuesday, October 7th. TD Securities reaffirmed a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Sanford C. Bernstein reduced 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, October 2nd. Finally, Melius started coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $57.86.

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.

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