Nippon Life Global Investors Americas Inc. Has $10.53 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nippon Life Global Investors Americas Inc. lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 174,640 shares of the restaurant operator’s stock after selling 12,580 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Chipotle Mexican Grill were worth $10,531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. increased its position in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after buying an additional 6,853,470 shares during the period. Geode Capital Management LLC boosted its position 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 valued at $1,712,238,000 after acquiring an additional 395,053 shares during the last quarter. American Century Companies Inc. grew its holdings in Chipotle Mexican Grill by 0.8% during the 4th 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 during the period. Norges Bank bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $1,093,345,000. Finally, Franklin Resources Inc. lifted its stake in shares of Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after purchasing an additional 381,873 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 3.4 %

Shares of NYSE:CMG opened at $46.51 on Tuesday. The company has a 50-day moving average price of $50.70 and a two-hundred day moving average price of $56.50. 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 capitalization of $63.04 billion, a PE ratio of 41.89, a P/E/G ratio of 2.04 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMG. KeyCorp lowered their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada cut their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Finally, Raymond James cut their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $65.21.

About Chipotle Mexican Grill

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.