Capital World Investors Has $2.38 Billion Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Capital World Investors trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,524,773 shares of the restaurant operator's stock after selling 3,045,707 shares during the period. Capital World Investors owned about 2.90% of Chipotle Mexican Grill worth $2,383,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $31,000. Sound Income Strategies LLC raised its holdings in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after buying an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $38,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Robert W. Baird cut their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday. Truist Financial lowered their target price on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday. TD Securities cut their price target on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a report on Thursday. Finally, Oppenheimer boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.03.

Chipotle Mexican Grill Stock Up 1.4 %

CMG stock traded up $0.67 during trading on Thursday, hitting $49.43. The company had a trading volume of 20,662,876 shares, compared to its average volume of 12,899,915. The firm has a 50-day moving average price of $50.31 and a 200-day moving average price of $56.38. 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 $67.00 billion, a price-to-earnings ratio of 44.56, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.