Xponance Inc. Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Xponance Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 316,446 shares of the restaurant operator's stock after acquiring an additional 8,120 shares during the quarter. Xponance Inc.'s holdings in Chipotle Mexican Grill were worth $19,082,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Alphinity Investment Management Pty Ltd purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $692,701,000. Raymond James Financial Inc. purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $315,220,000. Caisse DE Depot ET Placement DU Quebec increased its position in 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 worth $142,398,000 after buying an additional 1,364,635 shares in the last quarter. Intech Investment Management LLC increased its position in Chipotle Mexican Grill by 224.2% in the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator's stock worth $97,750,000 after buying an additional 1,173,207 shares in the last quarter. Finally, Premier Fund Managers Ltd purchased a new stake in Chipotle Mexican Grill in the third quarter worth about $57,335,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Wall Street Analyst Weigh In

CMG has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on 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. Stifel Nicolaus cut their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday. 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. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their target price for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $66.67.

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Chipotle Mexican Grill Trading Down 1.0 %

Shares of CMG stock traded down $0.48 on Friday, reaching $48.52. 19,453,617 shares of the company's stock were exchanged, compared to its average volume of 13,034,999. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26. The stock has a market capitalization of $65.76 billion, a PE ratio of 43.70, a P/E/G ratio of 2.04 and a beta of 1.27. The company's fifty day simple moving average is $54.53 and its 200 day simple moving average is $57.66.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, sell-side analysts predict 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.