885,090 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 885,090 shares of the restaurant operator's stock, valued at approximately $53,371,000. Zurich Insurance Group Ltd FI owned about 0.06% of Chipotle Mexican Grill at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CMG. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the period. Alliancebernstein L.P. grew its holdings in Chipotle Mexican Grill by 29.5% during the fourth 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 during the period. Finally, Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.1%

Shares of CMG opened at $52.27 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The firm's 50 day moving average is $49.77 and its 200-day moving average is $55.38. The stock has a market capitalization of $70.43 billion, a PE ratio of 47.08, 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 results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for 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 firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $13.37 EPS. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of several research analyst reports. Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Loop Capital reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stephens reaffirmed an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Finally, Guggenheim set a $47.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.74.

Chipotle Mexican Grill Company 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.

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