BW Gestao de Investimentos Ltda. Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

BW Gestao de Investimentos Ltda. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 39,000 shares of the restaurant operator's stock, valued at approximately $2,352,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its stake in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC raised its holdings in Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after buying an additional 395,053 shares during the period. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after buying an additional 166,767 shares in the last quarter. Norges Bank purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $1,093,345,000. Finally, Northern Trust Corp increased its position in shares of Chipotle Mexican Grill by 11.1% in the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after acquiring an additional 1,438,860 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

CMG has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Oppenheimer upped their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Sanford C. Bernstein reiterated an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. KeyCorp reduced their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. 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 stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average price target of $61.74.

Chipotle Mexican Grill Trading Up 1.0 %

CMG traded up $0.48 on Tuesday, hitting $50.49. 9,755,879 shares of the company's stock were exchanged, compared to its average volume of 13,464,612. The stock has a fifty day moving average of $49.84 and a two-hundred day moving average of $55.87. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The firm has a market cap of $68.03 billion, a PE ratio of 45.48, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the prior year, the firm earned $13.37 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.