Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Tybourne Capital Management HK Ltd.

Tybourne Capital Management HK Ltd. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 376.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,354 shares of the restaurant operator's stock after buying an additional 48,475 shares during the period. Chipotle Mexican Grill makes up about 0.9% of Tybourne Capital Management HK Ltd.'s holdings, making the stock its 24th biggest holding. Tybourne Capital Management HK Ltd.'s holdings in Chipotle Mexican Grill were worth $3,700,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Alliancebernstein L.P. raised its holdings in Chipotle Mexican Grill by 29.5% in 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 acquiring an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Chipotle Mexican Grill by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after purchasing an additional 395,053 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Chipotle Mexican Grill by 0.8% in the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after purchasing an additional 166,767 shares in the last quarter. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Finally, Northern Trust Corp grew its stake in 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 purchasing an additional 1,438,860 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on CMG. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Truist Financial dropped their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Raymond James decreased their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Citigroup decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Nine 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.74.

Chipotle Mexican Grill Trading Down 0.1%

CMG stock traded down $0.04 during trading on Thursday, hitting $50.75. The company had a trading volume of 9,735,182 shares, compared to its average volume of 13,508,639. The business has a 50 day moving average of $49.84 and a 200 day moving average of $55.32. The firm has a market capitalization of $68.38 billion, a price-to-earnings ratio of 45.71, a P/E/G ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

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, topping analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Chipotle Mexican Grill's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $13.37 EPS. As a group, equities 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.