Chipotle Mexican Grill, Inc. $CMG Shares Bought by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 287.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 239,427 shares of the restaurant operator’s stock after buying an additional 177,627 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in Chipotle Mexican Grill were worth $8,859,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Revolve Wealth Partners LLC boosted its stake in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Centurion Wealth Management LLC increased its stake in Chipotle Mexican Grill by 3.1% during the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 260 shares in the last quarter. City State Bank raised its holdings in shares of Chipotle Mexican Grill by 13.4% in the fourth quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock worth $86,000 after buying an additional 275 shares during the last quarter. Cromwell Holdings LLC lifted its stake in shares of Chipotle Mexican Grill by 7.4% during the fourth quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock worth $159,000 after buying an additional 295 shares during the period. Finally, Catalyst Financial Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after buying an additional 298 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.2%

Shares of CMG stock opened at $32.66 on Wednesday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $58.42. The stock has a market cap of $41.90 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. The business has a 50-day simple moving average of $32.73 and a 200-day simple moving average of $35.20.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMG has been the topic of several research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Raymond James Financial decreased their target price on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Piper Sandler dropped their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Barclays cut their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Finally, DA Davidson initiated coverage on shares of Chipotle Mexican Grill in a research report on Friday, March 6th. They set a “buy” rating and a $51.00 price target for the company. Twenty-four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.48.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.