Allianz SE Acquires New Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Allianz SE bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 52,570 shares of the restaurant operator’s stock, valued at approximately $3,159,000.

A number of other hedge funds also recently added to or reduced their stakes in CMG. Tortoise Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after purchasing an additional 176 shares during the period. Traynor Capital Management Inc. grew its position in Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after buying an additional 181 shares in the last quarter. BTC Capital Management Inc. grew its position in Chipotle Mexican Grill by 1.9% in the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after buying an additional 184 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares during the period. Finally, Confluence Wealth Services Inc. raised its position in shares of Chipotle Mexican Grill by 4.2% during the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock worth $310,000 after buying an additional 218 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Citigroup increased their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Truist Financial raised their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Trading Down 2.0 %

Shares of NYSE:CMG opened at $49.91 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The firm has a fifty day moving average price of $53.81 and a 200 day moving average price of $57.56. The stock has a market capitalization of $67.64 billion, a PE ratio of 44.95, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.