Banco Bilbao Vizcaya Argentaria S.A. Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,359 shares of the restaurant operator's stock after buying an additional 6,693 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Chipotle Mexican Grill were worth $11,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Alliancebernstein L.P. grew its holdings in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC increased its position in Chipotle Mexican Grill by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after buying an additional 395,053 shares during the period. American Century Companies Inc. lifted its stake in 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 purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at $1,093,345,000. Finally, Franklin Resources Inc. increased its stake in 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 purchasing an additional 381,873 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMG. Robert W. Baird decreased their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday. Barclays lowered their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Citigroup dropped their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Guggenheim decreased their price target on Chipotle Mexican Grill from $56.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday. Eight equities research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.78.

Chipotle Mexican Grill Trading Up 4.8 %

Shares of CMG stock traded up $2.39 during trading hours on Friday, hitting $51.93. The company's stock had a trading volume of 26,657,351 shares, compared to its average volume of 13,469,142. The business has a fifty day moving average of $50.11 and a 200-day moving average of $56.28. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The stock has a market cap of $70.38 billion, a price-to-earnings ratio of 46.78, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.