Mirova Has $4.17 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mirova grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,179 shares of the restaurant operator’s stock after purchasing an additional 15,285 shares during the quarter. Mirova’s holdings in Chipotle Mexican Grill were worth $4,171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. MML Investors Services LLC grew its position in shares of Chipotle Mexican Grill by 19.9% during the 4th quarter. MML Investors Services LLC now owns 422,852 shares of the restaurant operator’s stock worth $25,498,000 after buying an additional 70,301 shares during the period. MetLife Investment Management LLC boosted its stake in Chipotle Mexican Grill by 0.6% during the 4th quarter. MetLife Investment Management LLC now owns 420,938 shares of the restaurant operator’s stock worth $25,383,000 after acquiring an additional 2,689 shares during the last quarter. Norinchukin Bank The grew its holdings in Chipotle Mexican Grill by 9.3% during the fourth quarter. Norinchukin Bank The now owns 61,856 shares of the restaurant operator’s stock valued at $3,730,000 after purchasing an additional 5,238 shares during the period. Ossiam increased its stake in Chipotle Mexican Grill by 249.1% in the fourth quarter. Ossiam now owns 161,974 shares of the restaurant operator’s stock valued at $9,767,000 after purchasing an additional 115,572 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in Chipotle Mexican Grill by 384.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 167,971 shares of the restaurant operator’s stock worth $10,129,000 after purchasing an additional 133,298 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.1 %

CMG stock opened at $48.13 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The business’s 50 day simple moving average is $50.92 and its 200 day simple moving average is $56.57. The firm has a market capitalization of $65.24 billion, a PE ratio of 43.36, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued 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%. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CMG shares. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Oppenheimer lifted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their target price for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.42.

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.