TIAA Trust National Association Buys 183,522 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

TIAA Trust National Association increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 260.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 253,985 shares of the restaurant operator’s stock after acquiring an additional 183,522 shares during the quarter. TIAA Trust National Association’s holdings in Chipotle Mexican Grill were worth $15,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $31,000. Sound Income Strategies LLC lifted its position in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $37,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill in the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Oppenheimer upped their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Stephens lowered 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 note on Wednesday, February 5th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $49.49 on Wednesday. The firm has a market capitalization of $67.08 billion, a P/E ratio of 44.58, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a 50 day moving average price of $54.26 and a 200-day moving average price of $57.67. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its 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 net margin of 13.56% and a return on equity of 42.92%. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.