United Services Automobile Association Has $1.87 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

United Services Automobile Association boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,033 shares of the restaurant operator’s stock after buying an additional 1,028 shares during the period. United Services Automobile Association’s holdings in Chipotle Mexican Grill were worth $1,871,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. United Bank boosted its position in shares of Chipotle Mexican Grill by 13.7% during the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after acquiring an additional 4,451 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 29.4% during the third quarter. Advisors Asset Management Inc. now owns 46,854 shares of the restaurant operator’s stock worth $2,700,000 after purchasing an additional 10,638 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of Chipotle Mexican Grill by 21.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,896 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 696 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $2,315,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $859,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on CMG shares. KeyCorp dropped their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Raymond James dropped their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Wedbush decreased their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Stock Down 1.0 %

CMG stock opened at $48.52 on Monday. The firm has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 2.04 and a beta of 1.27. The company’s fifty day simple moving average is $54.53 and its 200 day simple moving average is $57.72. Chipotle Mexican Grill, Inc. has a 12-month low of $47.55 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.