Prudential Financial Inc. Acquires 124,454 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Prudential Financial Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,384,383 shares of the restaurant operator’s stock after purchasing an additional 124,454 shares during the period. Prudential Financial Inc.’s holdings in Chipotle Mexican Grill were worth $143,778,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Corebridge Financial Inc. boosted its position in shares of Chipotle Mexican Grill by 7.3% in the 4th quarter. Corebridge Financial Inc. now owns 395,779 shares of the restaurant operator’s stock worth $23,865,000 after purchasing an additional 27,059 shares during the last quarter. United Services Automobile Association lifted its stake in Chipotle Mexican Grill by 3.4% in the fourth quarter. United Services Automobile Association now owns 31,033 shares of the restaurant operator’s stock valued at $1,871,000 after buying an additional 1,028 shares during the period. Congress Wealth Management LLC DE boosted its holdings in Chipotle Mexican Grill by 2.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 306,201 shares of the restaurant operator’s stock worth $18,464,000 after buying an additional 6,905 shares during the last quarter. Dillon & Associates Inc. increased its stake in shares of Chipotle Mexican Grill by 1.5% in the 4th quarter. Dillon & Associates Inc. now owns 257,481 shares of the restaurant operator’s stock valued at $15,449,000 after acquiring an additional 3,909 shares during the last quarter. Finally, Clune & Associates LTD. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $469,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CMG. Wells Fargo & Company lowered their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. reduced their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Finally, Evercore ISI increased their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Stock Down 1.0 %

Chipotle Mexican Grill stock opened at $48.52 on Monday. The stock has a market cap of $65.76 billion, a PE ratio of 43.70, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.55 and a 12-month high of $69.26. The business’s 50-day moving average price is $54.53 and its two-hundred day moving average price is $57.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.