Panagora Asset Management Inc. Grows Stake in Chipotle Mexican Grill, Inc. $CMG

Panagora Asset Management Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7,629.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 719,674 shares of the restaurant operator’s stock after acquiring an additional 710,363 shares during the period. Panagora Asset Management Inc. owned approximately 0.06% of Chipotle Mexican Grill worth $26,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the third quarter worth about $25,000. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill in the third quarter worth about $25,000. Winthrop Capital Management LLC purchased a new position in Chipotle Mexican Grill in the third quarter worth about $31,000. Ankerstar Wealth LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter worth about $33,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Chipotle Mexican Grill in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $32.70 on Tuesday. The company has a 50 day moving average price of $32.74 and a 200-day moving average price of $35.21. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $58.42. The company has a market capitalization of $41.95 billion, a PE ratio of 30.00, a P/E/G ratio of 2.07 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on CMG. BTIG Research reiterated a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $38.00 to $35.00 in a research report on Friday, June 5th. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Weiss Ratings lowered Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, Mizuho upgraded Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $37.00 to $40.00 in a research report on Friday, March 20th. Twenty-four research 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’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $45.48.

About Chipotle Mexican Grill

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.