Two Creeks Capital Management LP Buys 14,661 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Two Creeks Capital Management LP lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,710,250 shares of the restaurant operator’s stock after purchasing an additional 14,661 shares during the quarter. Chipotle Mexican Grill accounts for 6.3% of Two Creeks Capital Management LP’s holdings, making the stock its 6th largest position. Two Creeks Capital Management LP’s holdings in Chipotle Mexican Grill were worth $103,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in 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 purchasing an additional 6,853,470 shares during the period. Geode Capital Management LLC increased its position in Chipotle Mexican Grill by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock valued at $1,712,238,000 after buying an additional 395,053 shares in the last quarter. American Century Companies Inc. grew its position in Chipotle Mexican Grill by 0.8% in the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock valued at $1,220,290,000 after purchasing an additional 166,767 shares during the period. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $1,093,345,000. Finally, Franklin Resources Inc. raised its stake 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 worth $805,692,000 after purchasing an additional 381,873 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research analyst reports. Truist Financial decreased their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Barclays decreased their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.99.

Chipotle Mexican Grill Trading Up 1.2 %

Shares of CMG stock opened at $47.10 on Wednesday. The company has a market capitalization of $63.84 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average price of $50.48 and a 200 day moving average price of $56.43. 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 announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) 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, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.