Meiji Yasuda Asset Management Co Ltd. Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 31,933 shares of the restaurant operator’s stock after buying an additional 253 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Chipotle Mexican Grill were worth $1,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Alphinity Investment Management Pty Ltd acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $692,701,000. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $315,220,000. Caisse DE Depot ET Placement DU Quebec grew its stake in Chipotle Mexican Grill by 123.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after acquiring an additional 1,364,635 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Chipotle Mexican Grill by 11.6% in 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 in the last quarter. Finally, AGF Management Ltd. raised its position in Chipotle Mexican Grill by 1,158.2% during the fourth quarter. AGF Management Ltd. now owns 891,554 shares of the restaurant operator’s stock worth $53,761,000 after acquiring an additional 820,696 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.1 %

CMG stock opened at $50.05 on Thursday. 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 $67.83 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business has a fifty day moving average of $54.11 and a two-hundred day moving average of $57.61.

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.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CMG shares. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Wedbush cut their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Barclays dropped their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

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.