BI Asset Management Fondsmaeglerselskab A S Boosts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

BI Asset Management Fondsmaeglerselskab A S increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 384.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,971 shares of the restaurant operator's stock after purchasing an additional 133,298 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Chipotle Mexican Grill were worth $10,129,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Anchor Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 7.1% in the 3rd quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator's stock valued at $1,505,000 after acquiring an additional 1,724 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Chipotle Mexican Grill by 1,597.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator's stock valued at $3,814,000 after buying an additional 62,288 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $4,709,000. Arvest Bank Trust Division bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $359,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $668,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent research reports. Citigroup lowered their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Barclays decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Loop Capital raised Chipotle Mexican Grill from a "hold" rating to a "buy" rating and upped their price objective for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Wedbush cut their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $63.99.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded up $1.68 on Wednesday, hitting $48.78. 22,040,861 shares of the company's stock were exchanged, compared to its average volume of 13,468,431. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The stock has a market cap of $66.11 billion, a P/E ratio of 43.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a 50 day moving average of $50.48 and a 200 day moving average of $56.43.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts predict 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.