Intech Investment Management LLC Acquires 35,737 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Intech Investment Management LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,732,194 shares of the restaurant operator's stock after acquiring an additional 35,737 shares during the quarter. Chipotle Mexican Grill makes up 3.1% of Intech Investment Management LLC's portfolio, making the stock its 7th biggest holding. Intech Investment Management LLC owned approximately 0.13% of Chipotle Mexican Grill worth $104,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CMG. Geode Capital Management LLC increased its stake in Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator's stock valued at $1,612,682,000 after purchasing an additional 438,007 shares during the last quarter. 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 last quarter. Alphinity Investment Management Pty Ltd acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $692,701,000. Janus Henderson Group PLC increased its stake in Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator's stock valued at $566,439,000 after purchasing an additional 518,521 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Chipotle Mexican Grill by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator's stock valued at $511,865,000 after purchasing an additional 288,266 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

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Chipotle Mexican Grill Price Performance

CMG traded down $0.48 on Friday, reaching $48.52. The company's stock had a trading volume of 19,453,617 shares, compared to its average volume of 13,034,999. The business's 50 day moving average is $54.53 and its 200 day moving average is $57.66. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The stock has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data 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 return on equity of 42.92% and a net margin of 13.56%. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CMG. Oppenheimer upped their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, December 16th. Morgan Stanley upgraded Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Barclays dropped their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $66.67.

About Chipotle Mexican Grill

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.