Advisors Asset Management Inc. Buys 10,056 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Advisors Asset Management Inc. increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,910 shares of the restaurant operator’s stock after acquiring an additional 10,056 shares during the period. Advisors Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $3,432,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. Geode Capital Management LLC increased its position in Chipotle Mexican Grill by 1.6% during the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after buying an additional 438,007 shares during the last quarter. Franklin Resources Inc. increased its position in Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after buying an additional 381,873 shares during the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $692,701,000. Janus Henderson Group PLC increased its position in Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after buying an additional 518,521 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Chipotle Mexican Grill by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock worth $511,865,000 after buying an additional 288,266 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMG. Citigroup boosted their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. Stephens decreased their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays decreased their target price on 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, Truist Financial upped their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $49.00 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26. The stock has a market capitalization of $66.41 billion, a price-to-earnings ratio of 44.14, a PEG ratio of 2.04 and a beta of 1.27. The stock has a fifty day moving average of $54.69 and a 200-day moving average of $57.71.

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