Nomura Asset Management Co. Ltd. decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 7.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 537,013 shares of the restaurant operator’s stock after selling 43,413 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $19,869,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in CMG. Revolve Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $224,000. Empowered Funds LLC grew its holdings in shares of Chipotle Mexican Grill by 5.5% in the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 7,176.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Chipotle Mexican Grill by 88.8% in the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after purchasing an additional 129,066 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.
Chipotle Mexican Grill Stock Down 4.2%
Shares of NYSE:CMG opened at $30.54 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The company’s 50-day moving average price is $33.19 and its two-hundred day moving average price is $35.29. The firm has a market cap of $39.17 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.05 and a beta of 0.99.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Raymond James Financial lowered their target price on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Finally, Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, May 5th. Twenty-four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.03.
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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