Vanguard Group Inc. Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vanguard Group Inc. grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.1% during the fourth quarter, Holdings Channel reports. The firm owned 120,866,040 shares of the restaurant operator’s stock after acquiring an additional 135,380 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Chipotle Mexican Grill worth $7,288,222,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CMG. United Bank lifted its stake in Chipotle Mexican Grill by 13.7% during the third quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after purchasing an additional 4,451 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 29.4% during the third quarter. Advisors Asset Management Inc. now owns 46,854 shares of the restaurant operator’s stock worth $2,700,000 after purchasing an additional 10,638 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in Chipotle Mexican Grill by 21.8% during the third quarter. Citizens Financial Group Inc. RI now owns 3,896 shares of the restaurant operator’s stock worth $224,000 after purchasing an additional 696 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Chipotle Mexican Grill during the third quarter worth $2,315,000. Finally, Meridian Wealth Management LLC acquired a new position in Chipotle Mexican Grill during the third quarter worth $859,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $48.52 on Monday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The stock’s 50-day moving average is $54.53 and its two-hundred day moving average is $57.72. The firm has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CMG shares. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price target for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. KeyCorp reduced their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Stephens reduced their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Wedbush reduced their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

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.