Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 546,253 shares of the restaurant operator’s stock after buying an additional 16,964 shares during the period. Asset Management One Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $33,201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Aljian Capital Management LLC lifted its stake in Chipotle Mexican Grill by 1.9% during the fourth quarter. Aljian Capital Management LLC now owns 12,285 shares of the restaurant operator’s stock valued at $741,000 after purchasing an additional 225 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Chipotle Mexican Grill by 1.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 222,532 shares of the restaurant operator’s stock valued at $13,334,000 after purchasing an additional 3,003 shares during the last quarter. Marks Group Wealth Management Inc lifted its stake in Chipotle Mexican Grill by 1.9% during the fourth quarter. Marks Group Wealth Management Inc now owns 105,086 shares of the restaurant operator’s stock valued at $6,337,000 after purchasing an additional 1,943 shares during the last quarter. Great Lakes Retirement Inc. lifted its stake in Chipotle Mexican Grill by 2.2% during the fourth quarter. Great Lakes Retirement Inc. now owns 46,698 shares of the restaurant operator’s stock valued at $2,816,000 after purchasing an additional 986 shares during the last quarter. Finally, Valley Brook Capital Group Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $209,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. 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 research note on Wednesday, October 30th. Loop Capital raised their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price objective for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, 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 research note on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $57.06 on Friday. The company has a market capitalization of $77.74 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company’s fifty day moving average price is $59.66 and its 200 day moving average price is $58.03.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 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%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.