Principal Financial Group Inc. Buys 245,324 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Principal Financial Group Inc. lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,340,832 shares of the restaurant operator's stock after purchasing an additional 245,324 shares during the period. Principal Financial Group Inc. owned about 0.17% of Chipotle Mexican Grill worth $141,152,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $371,000. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after acquiring an additional 9,070 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator's stock worth $2,820,000 after acquiring an additional 48,126 shares during the period. L & S Advisors Inc bought a new stake in Chipotle Mexican Grill in the third quarter valued at $3,256,000. Finally, Lockheed Martin Investment Management Co. increased its position in Chipotle Mexican Grill by 19.6% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 177,630 shares of the restaurant operator's stock valued at $10,711,000 after purchasing an additional 29,140 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. TD Cowen increased their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and lifted their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Stephens decreased their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Oppenheimer raised 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. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average price target of $66.31.

Chipotle Mexican Grill Stock Down 3.0 %

Shares of Chipotle Mexican Grill stock traded down $1.58 on Friday, reaching $51.47. The company's stock had a trading volume of 12,627,766 shares, compared to its average volume of 10,804,313. The company has a market capitalization of $69.76 billion, a price-to-earnings ratio of 46.36, a P/E/G ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The firm's fifty day simple moving average is $58.64 and its two-hundred day simple moving average is $58.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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%. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

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.