TIAA Trust National Association Has $15.32 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

TIAA Trust National Association raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 260.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 253,985 shares of the restaurant operator’s stock after purchasing an additional 183,522 shares during the quarter. TIAA Trust National Association’s holdings in Chipotle Mexican Grill were worth $15,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC boosted its position in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter worth $37,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $50,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wedbush lowered their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. KeyCorp dropped their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Evercore ISI raised their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $49.49 on Wednesday. The stock has a 50-day moving average of $54.26 and a 200-day moving average of $57.67. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The company has a market cap of $67.08 billion, a PE ratio of 44.58, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 return on equity of 42.92% and a net margin of 13.56%. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.