Legal & General Group Plc Increases Stock Position in Chipotle Mexican Grill, Inc. $CMG

Legal & General Group Plc grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,518,777 shares of the restaurant operator’s stock after acquiring an additional 44,839 shares during the quarter. Legal & General Group Plc owned about 0.65% of Chipotle Mexican Grill worth $315,195,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after acquiring an additional 18,660,882 shares during the last quarter. Capital World Investors boosted its holdings in shares of Chipotle Mexican Grill by 122.7% during the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after acquiring an additional 48,398,628 shares during the last quarter. Capital International Investors boosted its holdings in shares of Chipotle Mexican Grill by 42.4% during the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after acquiring an additional 11,471,658 shares during the last quarter. Sustainable Growth Advisers LP boosted its holdings in shares of Chipotle Mexican Grill by 17.5% during the 3rd quarter. Sustainable Growth Advisers LP now owns 12,495,638 shares of the restaurant operator’s stock valued at $489,704,000 after acquiring an additional 1,862,855 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Chipotle Mexican Grill by 24.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock valued at $448,084,000 after acquiring an additional 2,265,122 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CMG. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $48.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Telsey Advisory Group dropped their price objective on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Finally, KeyCorp dropped their price objective on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Trading Down 1.9%

NYSE CMG opened at $32.28 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The stock has a market cap of $41.41 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.12 and a beta of 1.03. The company’s 50 day moving average is $33.33 and its two-hundred day moving average is $35.25.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business earned $0.29 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.