Winslow Capital Management LLC Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Winslow Capital Management LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,866,961 shares of the restaurant operator's stock after purchasing an additional 1,629,416 shares during the period. Chipotle Mexican Grill accounts for about 1.7% of Winslow Capital Management LLC's holdings, making the stock its 17th biggest holding. Winslow Capital Management LLC owned approximately 0.58% of Chipotle Mexican Grill worth $474,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at $692,701,000. Alliancebernstein L.P. raised its position in Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $315,220,000. Finally, Clearbridge Investments LLC increased its position in shares of Chipotle Mexican Grill by 2,145.9% during the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock worth $191,757,000 after purchasing an additional 3,038,460 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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Chipotle Mexican Grill Stock Down 1.1 %

Chipotle Mexican Grill stock traded down $0.55 during mid-day trading on Friday, hitting $49.73. The company had a trading volume of 14,462,022 shares, compared to its average volume of 13,426,212. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The business has a fifty day moving average of $51.79 and a 200 day moving average of $56.88. The stock has a market cap of $67.39 billion, a price-to-earnings ratio of 44.79, a PEG ratio of 2.04 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CMG shares. Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their target price for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. KeyCorp lowered their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup dropped their price objective 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. Eight research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.10.

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.