Resona Asset Management Co. Ltd. Acquires New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Resona Asset Management Co. Ltd. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 401,572 shares of the restaurant operator’s stock, valued at approximately $24,242,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Sound Income Strategies LLC grew its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $47.29 on Friday. The business’s 50-day simple moving average is $53.16 and its 200-day simple moving average is $57.33. The firm has a market capitalization of $64.09 billion, a P/E ratio of 42.59, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $46.78 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CMG shares. Oppenheimer lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Barclays cut their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Raymond James decreased their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.38.

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.