Siemens Fonds Invest GmbH Has $3.23 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Siemens Fonds Invest GmbH reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 16.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,705 shares of the restaurant operator's stock after selling 10,409 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Chipotle Mexican Grill were worth $3,227,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Tortoise Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after acquiring an additional 176 shares in the last quarter. BTC Capital Management Inc. grew its stake in Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after purchasing an additional 184 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in shares of Chipotle Mexican Grill by 4.2% during the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock worth $310,000 after acquiring an additional 218 shares during the period. Finally, Schechter Investment Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 1.2% during the 4th quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator's stock worth $1,127,000 after acquiring an additional 220 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $0.39 during trading on Friday, reaching $50.12. 14,823,367 shares of the company's stock were exchanged, compared to its average volume of 13,504,044. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The company has a market cap of $67.53 billion, a P/E ratio of 45.15, a PEG ratio of 2.04 and a beta of 1.11. The firm's 50-day moving average price is $50.04 and its 200 day moving average price is $54.95.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted 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. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the previous year, the firm earned $13.37 EPS. Chipotle Mexican Grill's revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on CMG shares. Barclays reduced their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler reduced their target price on 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. Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Nine 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.60.

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.