Loomis Sayles & Co. L P Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Loomis Sayles & Co. L P lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 54.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,544 shares of the restaurant operator’s stock after purchasing an additional 902 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Chipotle Mexican Grill were worth $153,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $31,000. Sound Income Strategies LLC grew its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CMG. Stifel Nicolaus cut 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 report on Wednesday, March 19th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Truist Financial upped their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. 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. Finally, Wells Fargo & Company cut their price objective on 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. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Stock Down 2.0 %

CMG stock opened at $49.91 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26. The stock has a market cap of $67.64 billion, a price-to-earnings ratio of 44.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business has a fifty day moving average of $53.81 and a two-hundred day moving average of $57.57.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.