DnB Asset Management AS Acquires 7,562 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

DnB Asset Management AS grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 244,346 shares of the restaurant operator’s stock after acquiring an additional 7,562 shares during the period. DnB Asset Management AS’s holdings in Chipotle Mexican Grill were worth $14,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in CMG. Geode Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock valued at $1,612,682,000 after purchasing an additional 438,007 shares during the period. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after acquiring an additional 166,767 shares during the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $1,093,345,000. Franklin Resources Inc. grew its holdings in Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after buying an additional 381,873 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill during the 4th quarter worth $692,701,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMG. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Stephens lowered their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Raymond James cut their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. KeyCorp lowered their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research 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 an average rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Trading Down 2.0 %

Shares of CMG stock opened at $49.91 on Friday. The stock has a 50-day moving average of $53.81 and a 200-day moving average of $57.54. The stock has a market cap of $67.64 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts forecast 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.