Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,922,603 shares of the restaurant operator’s stock after purchasing an additional 470,626 shares during the period. The Manufacturers Life Insurance Company’s holdings in Chipotle Mexican Grill were worth $115,933,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CMG. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $692,701,000. Alliancebernstein L.P. grew its position in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $315,220,000. Finally, Voya Investment Management LLC grew its position in shares of Chipotle Mexican Grill by 114.2% during the fourth quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator’s stock worth $541,914,000 after acquiring an additional 4,790,464 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $50.88 on Tuesday. The business’s 50 day simple moving average is $50.05 and its 200 day simple moving average is $56.21. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The stock has a market capitalization of $68.96 billion, a PE ratio of 45.83, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted $13.37 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CMG shares. Wedbush lowered their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Guggenheim set a $47.00 target price on shares of Chipotle Mexican Grill in a research report on Friday. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. TD Securities decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Loop Capital decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.74.

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.