Deutsche Bank AG Has $266.97 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Deutsche Bank AG grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,427,405 shares of the restaurant operator’s stock after buying an additional 832,035 shares during the period. Deutsche Bank AG owned 0.32% of Chipotle Mexican Grill worth $266,973,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. Norges Bank acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock worth $501,620,000 after purchasing an additional 8,318,534 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $315,220,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.3 %

Shares of CMG opened at $51.48 on Friday. The firm has a 50 day moving average of $49.73 and a 200 day moving average of $55.78. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The company has a market capitalization of $69.37 billion, a P/E ratio of 46.37, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on CMG. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Citigroup dropped their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Robert W. Baird reduced their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Evercore ISI dropped their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial reduced their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $61.74.

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.