Kazazian Asset Management LLC Increases Stock Position in Chipotle Mexican Grill, Inc. $CMG

Kazazian Asset Management LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 112.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,477 shares of the restaurant operator’s stock after purchasing an additional 25,673 shares during the period. Chipotle Mexican Grill comprises about 1.9% of Kazazian Asset Management LLC’s portfolio, making the stock its 11th largest position. Kazazian Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $1,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc raised its holdings in shares of Chipotle Mexican Grill by 0.5% in the fourth quarter. Legal & General Group Plc now owns 8,518,777 shares of the restaurant operator’s stock valued at $315,195,000 after purchasing an additional 44,839 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Chipotle Mexican Grill by 230.9% in the fourth quarter. Hantz Financial Services Inc. now owns 78,708 shares of the restaurant operator’s stock valued at $2,912,000 after purchasing an additional 54,919 shares during the last quarter. Intermede Investment Partners Ltd raised its holdings in shares of Chipotle Mexican Grill by 19.4% in the fourth quarter. Intermede Investment Partners Ltd now owns 1,593,476 shares of the restaurant operator’s stock valued at $58,959,000 after purchasing an additional 258,781 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $36,000. Finally, Swedbank AB raised its holdings in shares of Chipotle Mexican Grill by 0.8% in the fourth quarter. Swedbank AB now owns 715,816 shares of the restaurant operator’s stock valued at $26,485,000 after purchasing an additional 5,435 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $32.84 on Monday. The firm has a market cap of $42.13 billion, a P/E ratio of 30.13, a PEG ratio of 2.12 and a beta of 1.03. The firm has a 50-day moving average of $33.32 and a 200 day moving average of $35.24. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CMG. Piper Sandler lowered their target price on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Morgan Stanley lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Telsey Advisory Group lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 26th. Finally, Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, May 5th. Twenty-four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $46.03.

Check Out Our Latest Stock Report on Chipotle Mexican Grill

Chipotle Mexican Grill Company 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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