USS Investment Management Ltd Has $13.35 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

USS Investment Management Ltd cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 221,336 shares of the restaurant operator’s stock after selling 9,999 shares during the period. USS Investment Management Ltd’s holdings in Chipotle Mexican Grill were worth $13,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its holdings in shares of Chipotle Mexican Grill by 18.9% in the fourth quarter. Ritholtz Wealth Management now owns 8,274 shares of the restaurant operator’s stock valued at $499,000 after purchasing an additional 1,316 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in Chipotle Mexican Grill by 58.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,961 shares of the restaurant operator’s stock valued at $480,000 after buying an additional 2,926 shares during the last quarter. Arkadios Wealth Advisors raised its position in Chipotle Mexican Grill by 4.4% in the 4th quarter. Arkadios Wealth Advisors now owns 10,916 shares of the restaurant operator’s stock valued at $658,000 after buying an additional 465 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in Chipotle Mexican Grill by 79.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 28,408 shares of the restaurant operator’s stock valued at $1,713,000 after acquiring an additional 12,602 shares in the last quarter. Finally, Grove Bank & Trust boosted its position in Chipotle Mexican Grill by 21.7% during the 4th quarter. Grove Bank & Trust now owns 1,400 shares of the restaurant operator’s stock worth $84,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent research reports. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price objective for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Morgan Stanley lowered their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. TD Securities cut their price target on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Finally, Stifel Nicolaus lowered their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $61.74.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $51.45 on Wednesday. The company has a market cap of $69.32 billion, a P/E ratio of 46.34, a P/E/G ratio of 2.04 and a beta of 1.11. The firm’s fifty day moving average price is $49.82 and its two-hundred day moving average price is $55.35. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26.

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

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.