BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,257 shares of the restaurant operator's stock after purchasing an additional 33,098 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Chipotle Mexican Grill were worth $15,814,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CMG. Focus Partners Advisor Solutions LLC raised its holdings in Chipotle Mexican Grill by 155.5% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 10,025 shares of the restaurant operator's stock worth $605,000 after purchasing an additional 6,101 shares during the last quarter. Kolinsky Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 4.8% in the fourth quarter. Kolinsky Wealth Management LLC now owns 10,987 shares of the restaurant operator's stock valued at $663,000 after buying an additional 502 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of Chipotle Mexican Grill by 17.4% during the 4th quarter. Continuum Advisory LLC now owns 1,681 shares of the restaurant operator's stock worth $101,000 after buying an additional 249 shares during the last quarter. Principal Street Partners LLC raised its stake in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Principal Street Partners LLC now owns 12,556 shares of the restaurant operator's stock worth $757,000 after buying an additional 306 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Chipotle Mexican Grill by 24.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock worth $619,743,000 after buying an additional 2,006,338 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded up $0.24 during trading hours on Tuesday, reaching $50.87. The company had a trading volume of 3,811,286 shares, compared to its average volume of 12,824,072. The company has a market cap of $68.54 billion, a price-to-earnings ratio of 45.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The business has a fifty day simple moving average of $49.95 and a 200-day simple moving average of $55.15.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $13.37 EPS. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CMG shares. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. TD Securities cut their price objective on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Evercore ISI lowered their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Citigroup cut their price target on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.