DnB Asset Management AS Has $14.73 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

DnB Asset Management AS raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 244,346 shares of the restaurant operator’s stock after purchasing an additional 7,562 shares during the quarter. DnB Asset Management AS’s holdings in Chipotle Mexican Grill were worth $14,734,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CMG. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $31,000. Sound Income Strategies LLC increased its stake in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill in the fourth quarter worth about $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Stephens dropped their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price objective for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Wedbush lowered their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Piper Sandler cut their price target 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. Finally, Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their price objective for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Stock Down 2.0 %

Shares of CMG opened at $49.91 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The stock has a market capitalization of $67.64 billion, a P/E ratio of 44.95, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a 50 day moving average of $53.81 and a 200-day moving average of $57.54.

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

Chipotle Mexican Grill 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.