Voya Investment Management LLC Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Voya Investment Management LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 114.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,986,971 shares of the restaurant operator's stock after buying an additional 4,790,464 shares during the quarter. Chipotle Mexican Grill makes up 0.6% of Voya Investment Management LLC's portfolio, making the stock its 26th largest position. Voya Investment Management LLC owned about 0.66% of Chipotle Mexican Grill worth $541,914,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Alliancebernstein L.P. grew its stake in Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC increased its holdings in Chipotle Mexican Grill by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after buying an additional 395,053 shares during the last quarter. American Century Companies Inc. raised its position in 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 acquiring an additional 166,767 shares in the last quarter. Norges Bank acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $1,093,345,000. Finally, Franklin Resources Inc. lifted its stake in Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock valued at $805,692,000 after acquiring an additional 381,873 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded down $0.86 during midday trading on Monday, reaching $50.92. The company's stock had a trading volume of 9,105,808 shares, compared to its average volume of 13,453,234. The stock has a market capitalization of $69.01 billion, a P/E ratio of 45.87, a PEG ratio of 2.04 and a beta of 1.27. The firm has a 50 day moving average price of $50.11 and a 200-day moving average price of $56.26. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business 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%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $13.37 earnings per share. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler dropped 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. Truist Financial dropped their price objective on 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. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Evercore ISI dropped their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.78.

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.