iA Global Asset Management Inc. Purchases New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

iA Global Asset Management Inc. acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 8,578 shares of the restaurant operator’s stock, valued at approximately $494,000.

Other large investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC lifted its stake in Chipotle Mexican Grill by 1.9% in the third quarter. EP Wealth Advisors LLC now owns 45,313 shares of the restaurant operator’s stock valued at $2,611,000 after acquiring an additional 866 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $14,238,000. Weiss Asset Management LP bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $3,124,000. Temasek Holdings Private Ltd bought a new stake in Chipotle Mexican Grill during the third quarter worth $37,021,000. Finally, Stifel Financial Corp boosted its stake in Chipotle Mexican Grill by 10.4% in the third quarter. Stifel Financial Corp now owns 2,315,393 shares of the restaurant operator’s stock valued at $133,413,000 after buying an additional 218,324 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Royal Bank of Canada began coverage on Chipotle Mexican Grill in a research report on Friday, November 15th. They issued an “outperform” rating and a $70.00 target price for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. TD Cowen boosted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Loop Capital raised their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.42.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $64.58 on Tuesday. The stock has a 50 day simple moving average of $59.55 and a 200-day simple moving average of $81.11. The company has a market cap of $88.00 billion, a price-to-earnings ratio of 60.36, a PEG ratio of 2.63 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $44.08 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.