Baird Financial Group Inc. Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Baird Financial Group Inc. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,009,472 shares of the restaurant operator’s stock after buying an additional 11,899 shares during the quarter. Baird Financial Group Inc.’s holdings in Chipotle Mexican Grill were worth $60,871,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $668,000. Principal Financial Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 24.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,095,508 shares of the restaurant operator’s stock valued at $120,743,000 after buying an additional 417,770 shares in the last quarter. CWA Asset Management Group LLC grew its position in shares of Chipotle Mexican Grill by 50.0% in the 4th quarter. CWA Asset Management Group LLC now owns 18,734 shares of the restaurant operator’s stock worth $1,130,000 after buying an additional 6,248 shares during the period. Boltwood Capital Management increased its stake in shares of Chipotle Mexican Grill by 8.8% in the 4th quarter. Boltwood Capital Management now owns 13,025 shares of the restaurant operator’s stock worth $785,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Kozak & Associates Inc. lifted its position in Chipotle Mexican Grill by 11.5% during the 4th quarter. Kozak & Associates Inc. now owns 6,912 shares of the restaurant operator’s stock valued at $413,000 after acquiring an additional 712 shares during the period. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Royal Bank of Canada cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $61.74.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $51.58 on Monday. The business’s fifty day moving average is $49.95 and its 200 day moving average is $55.97. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market capitalization of $69.50 billion, a PE ratio of 46.46, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the company posted $13.37 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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.