Meiji Yasuda Asset Management Co Ltd. Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,933 shares of the restaurant operator’s stock after buying an additional 253 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Chipotle Mexican Grill were worth $1,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alphinity Investment Management Pty Ltd purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $692,701,000. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Chipotle Mexican Grill by 123.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after buying an additional 1,364,635 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Chipotle Mexican Grill by 11.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after buying an additional 858,704 shares during the period. Finally, AGF Management Ltd. boosted its position in Chipotle Mexican Grill by 1,158.2% during the 4th quarter. AGF Management Ltd. now owns 891,554 shares of the restaurant operator’s stock valued at $53,761,000 after acquiring an additional 820,696 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on CMG shares. Jefferies Financial Group boosted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $50.05 on Thursday. The stock has a market cap of $67.83 billion, a PE ratio of 45.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm has a fifty day moving average price of $54.11 and a 200 day moving average price of $57.61. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts expect 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.