Royal London Asset Management Ltd. Decreases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Royal London Asset Management Ltd. decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 734,581 shares of the restaurant operator’s stock after selling 1,853 shares during the period. Royal London Asset Management Ltd.’s holdings in Chipotle Mexican Grill were worth $44,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $31,000. Sound Income Strategies LLC grew its position in 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 acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $37,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $50,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.0 %

Shares of Chipotle Mexican Grill stock opened at $49.00 on Friday. The firm has a market cap of $66.41 billion, a price-to-earnings ratio of 44.14, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The business has a 50-day moving average price of $54.69 and a 200-day moving average price of $57.71.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 return on equity of 42.92% and a net margin of 13.56%. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on CMG shares. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Stifel Nicolaus cut their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler lowered their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Wedbush cut their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.67.

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.