Schroder Investment Management Group Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Schroder Investment Management Group raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 67.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 615,505 shares of the restaurant operator’s stock after acquiring an additional 247,478 shares during the period. Schroder Investment Management Group’s holdings in Chipotle Mexican Grill were worth $36,986,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $692,701,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $315,220,000. AGF Management Ltd. increased its holdings in shares of Chipotle Mexican Grill by 1,158.2% in the 4th quarter. AGF Management Ltd. now owns 891,554 shares of the restaurant operator’s stock worth $53,761,000 after buying an additional 820,696 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 445.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 833,494 shares of the restaurant operator’s stock valued at $50,260,000 after buying an additional 680,595 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMG. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Barclays reduced their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer boosted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Raymond James reduced their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Finally, Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Trading Up 2.9 %

NYSE:CMG opened at $51.67 on Wednesday. The company has a 50-day moving average price of $53.58 and a 200-day moving average price of $57.50. The stock has a market cap of $70.03 billion, a price-to-earnings ratio of 46.54, a P/E/G ratio of 2.04 and a beta of 1.27. 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 posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.