Tobam Has $392,000 Holdings in Chipotle Mexican Grill, Inc. $CMG

Tobam decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 83.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,003 shares of the restaurant operator’s stock after selling 51,934 shares during the period. Tobam’s holdings in Chipotle Mexican Grill were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CMG. Vanguard Group Inc. increased its holdings in shares of Chipotle Mexican Grill by 0.8% during the second quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock worth $6,932,118,000 after purchasing an additional 993,798 shares during the period. Alliancebernstein L.P. grew its position in Chipotle Mexican Grill by 1.9% during the second quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock worth $1,859,211,000 after buying an additional 606,190 shares in the last quarter. Geode Capital Management LLC increased its stake in Chipotle Mexican Grill by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock worth $1,657,193,000 after acquiring an additional 325,926 shares during the period. American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator’s stock valued at $1,193,618,000 after acquiring an additional 595,038 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at $1,001,668,000. Institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 26th. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Mizuho lowered their price objective on shares of Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.24.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $36.28 on Monday. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $58.42. The company has a market cap of $47.25 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.22 and a beta of 0.99. The firm has a 50 day simple moving average of $38.13 and a 200 day simple moving average of $38.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 3rd. 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 12.88% and a return on equity of 47.99%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill 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.