Bessemer Group Inc. Has $230.95 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bessemer Group Inc. cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,829,965 shares of the restaurant operator's stock after selling 50,850 shares during the quarter. Bessemer Group Inc. owned about 0.28% of Chipotle Mexican Grill worth $230,948,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in shares of Chipotle Mexican Grill by 29.5% during the 4th 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 grew its holdings 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 purchasing an additional 395,053 shares during the period. American Century Companies Inc. increased its position in Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after buying an additional 166,767 shares during the last quarter. Norges Bank acquired a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $1,093,345,000. Finally, Franklin Resources Inc. raised 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 buying an additional 381,873 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

CMG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Finally, Oppenheimer upped their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $66.10.

Chipotle Mexican Grill Stock Down 1.1 %

Shares of CMG traded down $0.55 during midday trading on Friday, hitting $49.73. The company's stock had a trading volume of 14,462,022 shares, compared to its average volume of 13,426,212. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The stock has a market capitalization of $67.39 billion, a price-to-earnings ratio of 44.79, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company's fifty day simple moving average is $51.79 and its two-hundred day simple moving average is $56.88.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.