Clearbridge Investments LLC Purchases 3,038,460 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Clearbridge Investments LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2,145.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,180,051 shares of the restaurant operator’s stock after purchasing an additional 3,038,460 shares during the period. Clearbridge Investments LLC’s holdings in Chipotle Mexican Grill were worth $191,757,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. United Bank lifted its position in Chipotle Mexican Grill by 13.7% in the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after buying an additional 4,451 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of Chipotle Mexican Grill by 5.4% during the third quarter. Townsquare Capital LLC now owns 26,253 shares of the restaurant operator’s stock worth $1,513,000 after acquiring an additional 1,338 shares in the last quarter. Freedom Investment Management Inc. raised its stake in shares of Chipotle Mexican Grill by 10.0% during the third quarter. Freedom Investment Management Inc. now owns 4,727 shares of the restaurant operator’s stock worth $272,000 after acquiring an additional 431 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Chipotle Mexican Grill by 2.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 86,167 shares of the restaurant operator’s stock worth $4,965,000 after acquiring an additional 1,726 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Chipotle Mexican Grill by 16.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 59,150 shares of the restaurant operator’s stock valued at $3,408,000 after purchasing an additional 8,200 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.0 %

NYSE:CMG opened at $49.91 on Monday. The stock has a market cap of $67.64 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27. The company’s 50 day moving average price is $53.81 and its 200-day moving average price is $57.57. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of analyst reports. Raymond James decreased their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Truist Financial raised their price objective 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. 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 research note on Thursday, March 20th. Wells Fargo & Company reduced their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Citigroup boosted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.67.

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.