AGF Management Ltd. Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

AGF Management Ltd. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,158.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 891,554 shares of the restaurant operator’s stock after purchasing an additional 820,696 shares during the period. AGF Management Ltd. owned approximately 0.07% of Chipotle Mexican Grill worth $53,761,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CMG. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $33,000. CWA Asset Management Group LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth about $719,000. United Bank lifted its position in shares of Chipotle Mexican Grill by 13.7% during the third quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after purchasing an additional 4,451 shares during the last quarter. Atria Investments Inc lifted its position in shares of Chipotle Mexican Grill by 24.1% during the third quarter. Atria Investments Inc now owns 89,160 shares of the restaurant operator’s stock worth $5,137,000 after purchasing an additional 17,314 shares during the last quarter. Finally, Transcendent Capital Group LLC lifted its position in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 0.7 %

NYSE:CMG opened at $49.86 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The firm has a market capitalization of $67.57 billion, a PE ratio of 44.91, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average price of $56.26 and a 200 day moving average price of $58.09.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating 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, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CMG shares. Piper Sandler reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wedbush cut their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Barclays cut their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Nine research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

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.