T. Rowe Price Investment Management Inc. Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

T. Rowe Price Investment Management Inc. lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 50.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,370 shares of the restaurant operator's stock after buying an additional 33,744 shares during the period. T. Rowe Price Investment Management Inc.'s holdings in Chipotle Mexican Grill were worth $6,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. MGO One Seven LLC grew its holdings in Chipotle Mexican Grill by 53.0% during the fourth quarter. MGO One Seven LLC now owns 12,547 shares of the restaurant operator's stock valued at $757,000 after purchasing an additional 4,347 shares during the period. Alta Advisers Ltd increased its holdings in Chipotle Mexican Grill by 24.4% in the 4th quarter. Alta Advisers Ltd now owns 4,541 shares of the restaurant operator's stock worth $274,000 after acquiring an additional 891 shares in the last quarter. Soros Capital Management LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $7,061,000. Stifel Financial Corp lifted its holdings in Chipotle Mexican Grill by 3.8% during the fourth quarter. Stifel Financial Corp now owns 2,402,522 shares of the restaurant operator's stock valued at $144,872,000 after purchasing an additional 87,129 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Chipotle Mexican Grill by 5.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 128,351 shares of the restaurant operator's stock worth $7,741,000 after purchasing an additional 6,279 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $51.93 on Monday. The stock has a market cap of $70.38 billion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average of $50.11 and a two-hundred day moving average of $56.26. 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 announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. UBS Group cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday. Barclays lowered their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird reduced their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, TD Securities lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.78.

About Chipotle Mexican Grill

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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