Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 422,852 shares of the restaurant operator’s stock after acquiring an additional 70,301 shares during the period. MML Investors Services LLC’s holdings in Chipotle Mexican Grill were worth $25,498,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CMG. Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 29.5% in the 4th 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 lifted its stake in shares of 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 purchasing an additional 395,053 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 0.8% in 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 buying an additional 166,767 shares during the period. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $1,093,345,000. Finally, Franklin Resources Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after buying an additional 381,873 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMG. Stephens restated an “equal weight” rating and issued a $54.00 price target on shares of Chipotle Mexican Grill in a report on Monday. Wells Fargo & Company decreased their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price target for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Wedbush cut their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, UBS Group dropped their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.21.

Chipotle Mexican Grill Trading Down 3.4 %

Shares of NYSE:CMG opened at $46.51 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The firm has a market cap of $63.04 billion, a P/E ratio of 41.89, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a 50 day moving average of $50.70 and a 200-day moving average of $56.50.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 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%. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.