Generali Asset Management SPA SGR Invests $2.73 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Generali Asset Management SPA SGR purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,335 shares of the restaurant operator's stock, valued at approximately $2,734,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $371,000. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill in the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC boosted its holdings in Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock worth $900,000 after purchasing an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at $715,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator's stock worth $2,820,000 after purchasing an additional 48,126 shares during the period. 91.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday. Evercore ISI raised their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Oppenheimer increased their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their price target for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.67.

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Chipotle Mexican Grill Trading Up 2.2 %

NYSE CMG traded up $1.09 during trading on Monday, hitting $49.62. 15,511,950 shares of the company traded hands, compared to its average volume of 13,052,202. The company has a market capitalization of $67.25 billion, a P/E ratio of 44.69, a PEG ratio of 2.04 and a beta of 1.27. The business has a fifty day simple moving average of $54.53 and a 200 day simple moving average of $57.72. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.