Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by FIL Ltd

FIL Ltd lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,005,394 shares of the restaurant operator’s stock after selling 210,162 shares during the period. FIL Ltd owned about 0.07% of Chipotle Mexican Grill worth $60,625,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 29.5% in the fourth 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 during the last quarter. Geode Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock valued at $1,712,238,000 after buying an additional 395,053 shares during the last quarter. American Century Companies Inc. raised its position in shares of Chipotle Mexican Grill by 0.8% in the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock valued at $1,220,290,000 after buying an additional 166,767 shares during the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $1,093,345,000. Finally, Franklin Resources Inc. raised its position in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after buying an additional 381,873 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company lowered their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company 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 for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.10.

Chipotle Mexican Grill Price Performance

CMG opened at $50.94 on Thursday. The stock has a market capitalization of $69.04 billion, a PE ratio of 45.88, a P/E/G ratio of 2.04 and a beta of 1.27. The firm’s fifty day moving average price is $52.13 and its 200 day moving average price is $57.00. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results 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 net margin of 13.56% and a return on equity of 42.92%. On average, equities research analysts forecast 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.