Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,968 shares of the restaurant operator’s stock after purchasing an additional 33,418 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $7,732,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Bank of Nova Scotia boosted its holdings in shares of Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after buying an additional 47,241 shares during the period. Rexford Capital Inc. boosted its holdings in shares of Chipotle Mexican Grill by 3,266.1% in the 3rd quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock valued at $575,000 after buying an additional 14,240 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Chipotle Mexican Grill by 34.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 283,407 shares of the restaurant operator’s stock valued at $11,044,000 after buying an additional 72,167 shares during the period. OFI Invest Asset Management boosted its holdings in shares of Chipotle Mexican Grill by 37.6% in the 3rd quarter. OFI Invest Asset Management now owns 877,342 shares of the restaurant operator’s stock valued at $34,383,000 after buying an additional 239,631 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $1,597,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $48.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 26th. DA Davidson assumed coverage on shares of Chipotle Mexican Grill in a report on Friday, March 6th. They issued a “buy” rating and a $51.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, BNP Paribas Exane began coverage on shares of Chipotle Mexican Grill in a report on Monday, March 30th. They issued a “neutral” rating and a $37.00 price target for the company. Twenty-four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $47.13.

Chipotle Mexican Grill Stock Down 0.2%

CMG stock opened at $35.78 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42. The firm’s 50-day simple moving average is $34.89 and its 200 day simple moving average is $36.30. The stock has a market cap of $46.59 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.