KBC Group NV Acquires 36,570 Shares of Chipotle Mexican Grill, Inc. $CMG

KBC Group NV increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 673,442 shares of the restaurant operator’s stock after purchasing an additional 36,570 shares during the quarter. KBC Group NV owned approximately 0.05% of Chipotle Mexican Grill worth $37,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Charles Schwab Investment Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after purchasing an additional 491,002 shares during the last quarter. Corient IA LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at about $753,000. Advisors Asset Management Inc. raised its holdings in Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after acquiring an additional 18,458 shares during the period. Hilltop National Bank acquired a new stake in Chipotle Mexican Grill during the second quarter worth approximately $2,579,000. Finally, Banco Santander S.A. boosted its holdings in shares of Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after acquiring an additional 10,246 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 5.0%

Shares of Chipotle Mexican Grill stock opened at $31.30 on Thursday. The company has a market cap of $41.39 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. The company has a 50 day moving average of $38.56 and a 200-day moving average of $45.67. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research reports. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. The Goldman Sachs Group restated a “buy” rating and issued a $45.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Stephens decreased their target price on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Finally, BTIG Research lowered their target price on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.