MML Investors Services LLC Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

MML Investors Services LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 422,852 shares of the restaurant operator’s stock after buying an additional 70,301 shares during the quarter. MML Investors Services LLC’s holdings in Chipotle Mexican Grill were worth $25,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in shares of Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Geode Capital Management LLC boosted its stake in Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock worth $1,712,238,000 after purchasing an additional 395,053 shares during the period. American Century Companies Inc. grew its position in Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after purchasing an additional 166,767 shares during the last quarter. Norges Bank acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $1,093,345,000. Finally, Franklin Resources Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.9% in the third 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 during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 3.4 %

NYSE CMG opened at $46.51 on Tuesday. The company has a market capitalization of $63.04 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business’s 50-day moving average price is $50.70 and its 200 day moving average price is $56.50. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research reports. KeyCorp lowered their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Citigroup decreased their price target on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Barclays lowered their price objective on shares of 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. Finally, Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.21.

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.