Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Boosted by Davis R M Inc.

Davis R M Inc. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,653 shares of the restaurant operator’s stock after buying an additional 653 shares during the quarter. Davis R M Inc.’s holdings in Chipotle Mexican Grill were worth $401,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CMG. Geode Capital Management LLC grew its position in Chipotle Mexican Grill by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after purchasing an additional 438,007 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after purchasing an additional 381,873 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $692,701,000. Janus Henderson Group PLC grew its holdings in shares of Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after buying an additional 518,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Chipotle Mexican Grill by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock valued at $511,865,000 after buying an additional 288,266 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research reports. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Cfra upgraded 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. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.60.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $49.99 on Wednesday. The company has a market capitalization of $67.76 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company’s fifty day moving average price is $56.05 and its 200 day moving average price is $58.06.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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 return on equity of 42.92% and a net margin of 13.56%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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.