Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Two Creeks Capital Management LP

Two Creeks Capital Management LP lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,710,250 shares of the restaurant operator's stock after acquiring an additional 14,661 shares during the quarter. Chipotle Mexican Grill makes up about 6.3% of Two Creeks Capital Management LP's portfolio, making the stock its 6th biggest holding. Two Creeks Capital Management LP owned 0.13% of Chipotle Mexican Grill worth $103,128,000 at the end of the most recent quarter.

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

Chipotle Mexican Grill Stock Performance

CMG stock opened at $47.10 on Wednesday. The firm has a 50 day simple moving average of $50.48 and a 200 day simple moving average of $56.43. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The stock has a market cap of $63.84 billion, a P/E ratio of 42.42, a P/E/G 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, topping 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%. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stephens reissued an "equal weight" rating and set a $54.00 target price on shares of Chipotle Mexican Grill in a research note on Monday. 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 report on Tuesday, January 7th. Loop Capital raised Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their price objective for the company from $58.00 to $65.00 in a report on Friday, March 14th. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their target price for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Eight 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $63.99.

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.

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