Advisors Asset Management Inc. Buys 10,056 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Advisors Asset Management Inc. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.5% in the 4th quarter, Holdings Channel reports. The firm owned 56,910 shares of the restaurant operator’s stock after purchasing an additional 10,056 shares during the quarter. Advisors Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $3,432,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMG. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill during the 4th quarter worth $692,701,000. Raymond James Financial Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter worth $315,220,000. Caisse DE Depot ET Placement DU Quebec raised its position in Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after purchasing an additional 1,364,635 shares during the last quarter. Intech Investment Management LLC raised its position in Chipotle Mexican Grill by 224.2% during the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after purchasing an additional 1,173,207 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Chipotle Mexican Grill by 11.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after acquiring an additional 858,704 shares during the period. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CMG shares. Citigroup increased their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Jefferies Financial Group increased their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. decreased their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday. Eight 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $49.00 on Friday. The stock has a 50 day moving average price of $54.69 and a two-hundred day moving average price of $57.71. The firm has a market capitalization of $66.41 billion, a P/E ratio of 44.14, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. On average, equities analysts forecast 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.