AGF Management Ltd. Has $53.76 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

AGF Management Ltd. boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,158.2% in the fourth quarter, Holdings Channel reports. The firm owned 891,554 shares of the restaurant operator’s stock after purchasing an additional 820,696 shares during the quarter. AGF Management Ltd.’s holdings in Chipotle Mexican Grill were worth $53,761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMG. Golden State Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth about $371,000. Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $315,220,000. U.S. Capital Wealth Advisors LLC grew its holdings in Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after acquiring an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $715,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after acquiring an additional 48,126 shares during the period. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CMG. Barclays dropped their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Evercore ISI increased their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, KeyCorp cut their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

Chipotle Mexican Grill Stock Down 0.7 %

Shares of CMG opened at $49.86 on Tuesday. The stock’s 50-day moving average price is $56.26 and its 200-day moving average price is $58.09. The company has a market capitalization of $67.57 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.