Royal Bank of Canada Buys 1,370,735 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Royal Bank of Canada lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,678,977 shares of the restaurant operator's stock after purchasing an additional 1,370,735 shares during the period. Royal Bank of Canada owned 0.49% of Chipotle Mexican Grill worth $402,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC raised its stake in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $38,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $50,000. Institutional investors own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CMG shares. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a report on Friday, April 25th. Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Loop Capital decreased their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler decreased their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $61.74.

Chipotle Mexican Grill Stock Up 0.5%

NYSE:CMG opened at $52.32 on Friday. The stock's 50-day simple moving average is $49.72 and its 200 day simple moving average is $55.43. The firm has a market capitalization of $70.49 billion, a PE ratio of 47.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.88 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $13.37 earnings per share. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.

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