American Century Companies Inc. Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

American Century Companies Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,236,980 shares of the restaurant operator's stock after acquiring an additional 166,767 shares during the period. Chipotle Mexican Grill comprises 0.7% of American Century Companies Inc.'s portfolio, making the stock its 14th largest holding. American Century Companies Inc. owned approximately 1.49% of Chipotle Mexican Grill worth $1,220,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CMG. Alphinity Investment Management Pty Ltd purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $692,701,000. Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $315,220,000. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Chipotle Mexican Grill by 123.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator's stock valued at $142,398,000 after acquiring an additional 1,364,635 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Chipotle Mexican Grill by 11.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator's stock valued at $476,593,000 after acquiring an additional 858,704 shares during the last quarter. Finally, AGF Management Ltd. increased its position in Chipotle Mexican Grill by 1,158.2% during the 4th quarter. AGF Management Ltd. now owns 891,554 shares of the restaurant operator's stock worth $53,761,000 after purchasing an additional 820,696 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Raymond James reduced their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Morgan Stanley raised shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Truist Financial increased their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Citigroup lifted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Finally, KeyCorp reduced their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $66.67.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $0.54 during midday trading on Wednesday, reaching $50.05. 12,309,648 shares of the company's stock traded hands, compared to its average volume of 13,016,757. The stock has a 50 day moving average of $54.26 and a 200-day moving average of $57.67. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26. The company has a market cap of $67.83 billion, a PE ratio of 45.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.