Zions Bancorporation National Association UT Purchases 93,112 Shares of Chipotle Mexican Grill, Inc. $CMG

Zions Bancorporation National Association UT lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 250.6% during the fourth quarter, HoldingsChannel reports. The firm owned 130,261 shares of the restaurant operator’s stock after buying an additional 93,112 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Chipotle Mexican Grill were worth $4,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Nova Scotia increased its stake in Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after buying an additional 47,241 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $1,597,000. Norges Bank acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $711,837,000. Crescent Park Management L.P. acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $5,911,000. Finally, WINTON GROUP Ltd increased its stake in Chipotle Mexican Grill by 269.6% in the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock valued at $14,888,000 after buying an additional 277,090 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMG has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $38.00 to $35.00 in a research note on Friday, June 5th. Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $37.00 to $40.00 in a research note on Friday, March 20th. BTIG Research reiterated a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $45.48.

Key Headlines Impacting Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Analysts and commentators said Chipotle’s recent weakness may be overdone, arguing that consumer demand softness is temporary and that the company’s growth runway is still intact. Chipotle: Consumer Weakness Is Temporary, The Growth Story Remains Intact
• Positive Sentiment: Other market coverage pointed to Chipotle as one of the restaurant stocks that still look attractive despite higher food costs and pressure on dining-out demand, suggesting investors are seeing value in the brand’s scale and earnings power. Chipotle and 5 More Restaurant Stocks That Look Appetizing
• Neutral Sentiment: Recent “buy, sell, or hold” and valuation pieces note that CMG has been underperforming over the past several months, keeping attention on whether the current valuation already reflects the slowdown. Chipotle (CMG): Buy, Sell, or Hold Post Q1 Earnings?
• Neutral Sentiment: Wall Street downgrade commentary also continues to weigh on sentiment, with some investors treating the stock as a hold after a prolonged slump. Wall Street Just Downgraded Chipotle Stock. Here’s What Investors Should Do Next.
• Negative Sentiment: Broader restaurant-industry articles continue to emphasize tough operating conditions, including elevated food costs and weaker consumer spending, which could limit near-term upside for CMG. Chipotle and 5 More Restaurant Stocks That Look Appetizing

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $30.41 on Thursday. The firm has a market capitalization of $39.01 billion, a PE ratio of 27.90, a P/E/G ratio of 1.92 and a beta of 0.99. The company’s 50-day moving average is $32.77 and its 200-day moving average is $35.21. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the business earned $0.29 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

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.