Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,340,832 shares of the restaurant operator’s stock after purchasing an additional 245,324 shares during the period. Principal Financial Group Inc. owned approximately 0.17% of Chipotle Mexican Grill worth $141,152,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMG. Assenagon Asset Management S.A. grew its holdings in Chipotle Mexican Grill by 1,087.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after purchasing an additional 4,315,983 shares in the last quarter. Congress Asset Management Co. acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth $109,396,000. Thrivent Financial for Lutherans grew its holdings in Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after acquiring an additional 1,848,625 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Chipotle Mexican Grill by 5,188.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock worth $818,860,000 after acquiring an additional 1,394,270 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after acquiring an additional 1,364,635 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on CMG. TD Cowen raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Stephens decreased their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Evercore ISI raised their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Barclays decreased their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Trading Down 4.6 %

Chipotle Mexican Grill stock opened at $54.48 on Wednesday. The stock has a market cap of $74.23 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 2.14 and a beta of 1.27. The company’s 50-day moving average price is $59.35 and its two-hundred day moving average price is $58.16. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

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.