Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 856,888 shares of the restaurant operator’s stock after purchasing an additional 9,630 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Chipotle Mexican Grill worth $51,670,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC raised its position in Chipotle Mexican Grill by 1,110.0% during the fourth 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 period. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at $37,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CMG. Stephens decreased their price target on shares of 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. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Jefferies Financial Group boosted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. decreased their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Finally, Wells Fargo & Company dropped 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 report 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 issued 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 target price of $66.67.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $49.49 on Wednesday. The firm has a market cap of $67.08 billion, a P/E ratio of 44.58, a P/E/G ratio of 2.04 and a beta of 1.27. The firm’s 50 day moving average price is $54.26 and its 200-day moving average price is $57.67. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results 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%. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.