Resources Management Corp CT ADV increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 625.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,630 shares of the restaurant operator’s stock after purchasing an additional 24,686 shares during the quarter. Resources Management Corp CT ADV’s holdings in Chipotle Mexican Grill were worth $1,059,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CMG. Capital World Investors boosted its holdings in shares of Chipotle Mexican Grill by 122.7% in the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after buying an additional 48,398,628 shares during the last quarter. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $711,837,000. Vanguard Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital International Investors boosted its holdings in shares of Chipotle Mexican Grill by 42.4% in the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Chipotle Mexican Grill by 206.4% in the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after buying an additional 9,473,120 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.
Chipotle Mexican Grill Price Performance
Shares of Chipotle Mexican Grill stock opened at $32.20 on Monday. The business has a fifty day simple moving average of $32.75 and a two-hundred day simple moving average of $35.22. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $58.42. The company has a market capitalization of $41.30 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.07 and a beta of 0.99.
Analyst Ratings Changes
CMG has been the subject of several research reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Barclays cut their price target on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Morgan Stanley set a $37.00 price target on Chipotle Mexican Grill and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Finally, BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.48.
View Our Latest Stock Analysis 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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