Northern Trust Corp Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Northern Trust Corp increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,443,085 shares of the restaurant operator's stock after purchasing an additional 1,438,860 shares during the period. Northern Trust Corp owned approximately 1.06% of Chipotle Mexican Grill worth $870,918,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 7.1% in the third quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator's stock worth $1,505,000 after buying an additional 1,724 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Chipotle Mexican Grill by 1,597.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator's stock worth $3,814,000 after acquiring an additional 62,288 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $4,709,000. Arvest Bank Trust Division bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $359,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth $668,000. Institutional investors own 91.31% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMG. Wells Fargo & Company decreased their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Royal Bank of Canada dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Stephens decreased their price objective on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.74.

Chipotle Mexican Grill Trading Up 2.5 %

Shares of NYSE:CMG traded up $1.26 during trading on Friday, reaching $51.58. The stock had a trading volume of 9,055,307 shares, compared to its average volume of 13,473,775. The firm's 50-day simple moving average is $49.95 and its 200 day simple moving average is $56.01. The company has a market capitalization of $69.50 billion, a P/E ratio of 46.46, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one 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 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same period last year, the business earned $13.37 EPS. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.