Fifth Third Bancorp Purchases 178,729 Shares of Chipotle Mexican Grill, Inc. $CMG

Fifth Third Bancorp boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 44.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 579,791 shares of the restaurant operator’s stock after purchasing an additional 178,729 shares during the period. Fifth Third Bancorp’s holdings in Chipotle Mexican Grill were worth $18,559,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Bank of Nova Scotia grew its position in Chipotle Mexican Grill by 11.0% in the third quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after acquiring an additional 47,241 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $1,597,000. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $711,837,000. Focus Partners Advisor Solutions LLC lifted its position in shares of Chipotle Mexican Grill by 156.9% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock worth $2,156,000 after purchasing an additional 35,589 shares in the last quarter. Finally, Mizuho Markets Cayman LP lifted its position in shares of Chipotle Mexican Grill by 238.8% during the third quarter. Mizuho Markets Cayman LP now owns 362,489 shares of the restaurant operator’s stock worth $14,206,000 after purchasing an additional 255,489 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Key Chipotle Mexican Grill News

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

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $36.68 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $55.75. The firm’s 50-day moving average is $32.42 and its 200-day moving average is $34.97. The company has a market cap of $47.05 billion, a P/E ratio of 33.65, a PEG ratio of 2.28 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the business posted $0.29 EPS. The business’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMG. BNP Paribas Exane raised their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, May 5th. Raymond James Financial decreased their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Finally, Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Twenty-three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $44.59.

Get Our Latest Analysis on CMG

Chipotle Mexican Grill Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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