Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,040 shares of the restaurant operator’s stock after purchasing an additional 650 shares during the period. Gotham Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $3,741,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Focus Partners Wealth boosted its holdings in Chipotle Mexican Grill by 192.2% in the fourth quarter. Focus Partners Wealth now owns 223,821 shares of the restaurant operator’s stock valued at $13,505,000 after purchasing an additional 147,215 shares during the period. Fund 1 Investments LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $226,000. Ensign Peak Advisors Inc grew its position in shares of Chipotle Mexican Grill by 7.1% during the fourth quarter. Ensign Peak Advisors Inc now owns 339,759 shares of the restaurant operator’s stock worth $20,487,000 after buying an additional 22,589 shares in the last quarter. Ethic Inc. increased its stake in shares of Chipotle Mexican Grill by 5,455.4% during the fourth quarter. Ethic Inc. now owns 165,106 shares of the restaurant operator’s stock worth $9,956,000 after buying an additional 162,134 shares during the period. Finally, Fiduciary Trust Co raised its holdings in Chipotle Mexican Grill by 9.1% in the fourth quarter. Fiduciary Trust Co now owns 22,819 shares of the restaurant operator’s stock valued at $1,376,000 after acquiring an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $52.26 on Thursday. The stock has a fifty day moving average price of $49.63 and a 200 day moving average price of $55.54. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The company has a market cap of $70.41 billion, a PE ratio of 47.07, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $13.37 EPS. Chipotle Mexican Grill’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on CMG shares. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a report on Friday, April 25th. TD Securities lowered 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 note on Thursday, April 24th. Truist Financial cut their price target on 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. Wedbush decreased their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $61.74.

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.