Capital Research Global Investors Purchases Shares of 2,204,134 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Capital Research Global Investors bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,204,134 shares of the restaurant operator's stock, valued at approximately $132,909,000. Capital Research Global Investors owned about 0.16% of Chipotle Mexican Grill at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CMG. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $31,000. Sound Income Strategies LLC lifted its stake in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $38,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $50,000. Institutional investors own 91.31% of the company's stock.

Wall Street Analyst Weigh In

CMG has been the topic of several recent research reports. KeyCorp cut their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday. Stephens reduced their target price on Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Stifel Nicolaus decreased their price target 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, Evercore ISI cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus target price of $61.96.

Chipotle Mexican Grill Trading Up 4.8 %

Shares of CMG stock traded up $2.39 during trading on Friday, hitting $51.93. The company's stock had a trading volume of 26,638,354 shares, compared to its average volume of 13,196,221. The business has a fifty day moving average of $50.16 and a 200-day moving average of $56.33. The company has a market cap of $70.38 billion, a PE ratio of 46.78, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.