Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Increased by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,943 shares of the restaurant operator's stock after purchasing an additional 5,628 shares during the period. Pathstone Holdings LLC's holdings in Chipotle Mexican Grill were worth $13,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CMG. Alliancebernstein L.P. raised its position in Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC lifted 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 period. American Century Companies Inc. increased its position in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after buying an additional 166,767 shares during the period. Norges Bank bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $1,093,345,000. Finally, Northern Trust Corp lifted its position in shares of Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $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 Upgrades and Downgrades

CMG has been the topic of several recent research reports. Piper Sandler reduced 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. Royal Bank of Canada decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. TD Securities lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $61.74.

Chipotle Mexican Grill Stock Down 0.1%

Shares of CMG traded down $0.05 during mid-day trading on Monday, reaching $52.27. 7,750,825 shares of the stock traded hands, compared to its average volume of 13,541,762. The stock has a fifty day simple moving average of $49.72 and a 200 day simple moving average of $55.42. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The firm has a market cap of $70.43 billion, a price-to-earnings ratio of 47.08, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during 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%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $13.37 earnings per share. On average, equities research analysts expect 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.