Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,277,656 shares of the restaurant operator's stock after acquiring an additional 2,006,338 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.75% of Chipotle Mexican Grill worth $619,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. increased 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 worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC increased its stake 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 acquiring an additional 395,053 shares during the last quarter. American Century Companies Inc. increased 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 worth $1,220,290,000 after acquiring an additional 166,767 shares during the last quarter. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $1,093,345,000. Finally, Northern Trust Corp increased its stake in shares of Chipotle Mexican Grill by 11.1% in the 4th 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 during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $51.45 on Wednesday. The company has a market cap of $69.32 billion, a P/E ratio of 46.34, a P/E/G ratio of 2.04 and a beta of 1.11. The stock has a 50-day moving average of $49.82 and a two-hundred day moving average of $55.35. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate 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 revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $13.37 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Evercore ISI cut their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Robert W. Baird cut their price objective on 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. Stephens reissued an "equal weight" rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, May 7th. Finally, KeyCorp cut their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Nine equities 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. According to MarketBeat.com, Chipotle Mexican Grill 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.

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