Prudential Financial Inc. Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Prudential Financial Inc. grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,384,383 shares of the restaurant operator's stock after purchasing an additional 124,454 shares during the period. Prudential Financial Inc. owned about 0.17% of Chipotle Mexican Grill worth $143,778,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator's stock worth $1,612,682,000 after buying an additional 438,007 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after acquiring an additional 166,767 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock worth $805,692,000 after acquiring an additional 381,873 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $692,701,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Chipotle Mexican Grill by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator's stock valued at $566,439,000 after purchasing an additional 518,521 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.11 during trading hours on Tuesday, reaching $49.49. 11,348,955 shares of the company's stock traded hands, compared to its average volume of 13,043,617. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26. The firm has a 50-day simple moving average of $54.26 and a 200 day simple moving average of $57.67. The firm has a market cap of $67.08 billion, a PE ratio of 44.58, a PEG ratio of 2.04 and a beta of 1.27.

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

Wall Street Analyst Weigh In

CMG has been the topic of a number of analyst reports. Wedbush decreased their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Royal Bank of Canada restated an "outperform" rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their price objective for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Finally, Morgan Stanley raised Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.67.

Chipotle Mexican Grill Company 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.