Vantage Investment Partners LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,320,185 shares of the restaurant operator’s stock after acquiring an additional 351,546 shares during the quarter. Chipotle Mexican Grill comprises about 3.3% of Vantage Investment Partners LLC’s investment portfolio, making the stock its 11th biggest holding. Vantage Investment Partners LLC owned 0.10% of Chipotle Mexican Grill worth $48,847,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in CMG. Vanguard Group Inc. grew its position in Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital World Investors grew its position in Chipotle Mexican Grill by 122.7% in the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after buying an additional 48,398,628 shares during the last quarter. Capital International Investors grew its position in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. Sustainable Growth Advisers LP grew its position in Chipotle Mexican Grill by 17.5% in the third quarter. Sustainable Growth Advisers LP now owns 12,495,638 shares of the restaurant operator’s stock worth $489,704,000 after buying an additional 1,862,855 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Chipotle Mexican Grill by 24.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock worth $448,084,000 after buying an additional 2,265,122 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.
Chipotle Mexican Grill Stock Performance
NYSE CMG opened at $32.84 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The stock has a market cap of $42.13 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.11 and a beta of 1.03. The firm’s 50 day moving average price is $33.32 and its two-hundred day moving average price is $35.22.
Analyst Ratings Changes
Several research analysts have issued reports on CMG shares. Guggenheim decreased their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $37.00 to $40.00 in a research report on Friday, March 20th. Raymond James Financial decreased their price target on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Finally, Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.
Check Out Our Latest Report on Chipotle Mexican Grill
Chipotle Mexican Grill Company Profile
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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