Capital World Investors Has $3.76 Billion Holdings in Chipotle Mexican Grill, Inc. $CMG

Capital World Investors raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,688,010 shares of the restaurant operator’s stock after buying an additional 13,843,222 shares during the quarter. Capital World Investors owned 0.08% of Chipotle Mexican Grill worth $3,762,457,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill in the third quarter valued at approximately $25,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill in the third quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp lifted its stake in Chipotle Mexican Grill by 106.7% in the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 400 shares during the period. Winthrop Capital Management LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at approximately $31,000. Finally, Ameriflex Group Inc. lifted its stake in Chipotle Mexican Grill by 109.4% in the third quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 465 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

CMG has been the topic of several recent analyst reports. Raymond James Financial dropped their price target on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Guggenheim dropped their price target on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. DA Davidson began coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They issued a “buy” rating and a $51.00 price target on the stock. BTIG Research reaffirmed a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Finally, Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Twenty-four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $45.48.

Check Out Our Latest Stock Report on CMG

Chipotle Mexican Grill Stock Up 4.3%

Shares of NYSE:CMG opened at $29.39 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $58.42. The stock’s 50 day moving average is $32.86 and its 200-day moving average is $35.20. The firm has a market capitalization of $37.70 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.89 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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