Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Raised by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,011,244 shares of the restaurant operator's stock after acquiring an additional 728,457 shares during the quarter. Chipotle Mexican Grill comprises approximately 1.4% of Alyeska Investment Group L.P.'s investment portfolio, making the stock its 6th largest holding. Alyeska Investment Group L.P. owned about 0.44% of Chipotle Mexican Grill worth $362,478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth $668,000. Franklin Resources Inc. raised its stake in shares of Chipotle Mexican Grill by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock valued at $805,692,000 after buying an additional 381,873 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $432,000. Principal Financial Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 24.9% in the third quarter. Principal Financial Group Inc. now owns 2,095,508 shares of the restaurant operator's stock worth $120,743,000 after buying an additional 417,770 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Chipotle Mexican Grill by 36.5% during the fourth quarter. Versant Capital Management Inc now owns 1,984 shares of the restaurant operator's stock worth $120,000 after acquiring an additional 530 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded up $0.48 on Tuesday, hitting $50.49. The stock had a trading volume of 9,755,879 shares, compared to its average volume of 13,464,602. The company's 50 day moving average price is $49.88 and its 200-day moving average price is $55.90. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The firm has a market capitalization of $68.03 billion, a P/E 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 posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $13.37 earnings per share. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on CMG. Truist Financial cut their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley dropped their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Robert W. Baird lowered their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.74.

Chipotle Mexican Grill Profile

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.