Ilmarinen Mutual Pension Insurance Co Acquires 65,000 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ilmarinen Mutual Pension Insurance Co lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 32.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 265,000 shares of the restaurant operator’s stock after purchasing an additional 65,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Chipotle Mexican Grill were worth $15,980,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill in the 4th quarter valued at about $692,701,000. Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after buying an additional 6,853,470 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $315,220,000. Finally, Clearbridge Investments LLC raised its stake in Chipotle Mexican Grill by 2,145.9% during the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator’s stock worth $191,757,000 after acquiring an additional 3,038,460 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CMG. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price objective for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Stephens cut their price target 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. KeyCorp reduced their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Barclays dropped their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $47.29 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $46.78 and a one year high of $69.26. The company has a market cap of $64.09 billion, a P/E ratio of 42.59, a P/E/G ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average of $53.16 and a 200-day moving average of $57.34.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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%. As a group, research analysts expect 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.