United Services Automobile Association Has $1.87 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

United Services Automobile Association grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,033 shares of the restaurant operator’s stock after buying an additional 1,028 shares during the quarter. United Services Automobile Association’s holdings in Chipotle Mexican Grill were worth $1,871,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CMG. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Chipotle Mexican Grill in 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 worth about $315,220,000. Caisse DE Depot ET Placement DU Quebec raised its position in Chipotle Mexican Grill by 123.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after buying an additional 1,364,635 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Chipotle Mexican Grill by 11.6% in the 3rd 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 valued at $476,593,000 after acquiring an additional 858,704 shares in the last quarter. 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 worth $53,761,000 after acquiring an additional 820,696 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $65.00 to $70.00 in a report on Monday, March 3rd. Raymond James cut their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price objective for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. KeyCorp lowered their target price on 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. Finally, Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $48.52 on Monday. The firm has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, a P/E/G ratio of 2.04 and a beta of 1.27. The stock’s fifty day moving average price is $54.53 and its two-hundred day moving average price is $57.72. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 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%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

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.