Royal London Asset Management Ltd. Cuts Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Royal London Asset Management Ltd. lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 734,581 shares of the restaurant operator’s stock after selling 1,853 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of Chipotle Mexican Grill worth $44,295,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd increased its stake in Chipotle Mexican Grill by 26.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 20,203 shares of the restaurant operator’s stock valued at $1,218,000 after buying an additional 4,177 shares during the last quarter. Wulff Hansen & CO. bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $241,000. Vinva Investment Management Ltd increased its position in shares of Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after acquiring an additional 21,864 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Chipotle Mexican Grill by 6.0% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 21,345 shares of the restaurant operator’s stock worth $1,287,000 after acquiring an additional 1,203 shares during the period. Finally, Trillium Asset Management LLC boosted its position in Chipotle Mexican Grill by 20.0% in the fourth quarter. Trillium Asset Management LLC now owns 800,695 shares of the restaurant operator’s stock worth $48,282,000 after purchasing an additional 133,642 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $49.00 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26. The company has a market capitalization of $66.41 billion, a P/E ratio of 44.14, a P/E/G ratio of 2.04 and a beta of 1.27. The firm’s 50 day simple moving average is $54.69 and its 200 day simple moving average is $57.71.

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 net margin of 13.56% and a return on equity of 42.92%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMG. Wedbush decreased their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Evercore ISI lifted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Finally, KeyCorp reduced their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill 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.