DnB Asset Management AS Has $14.73 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

DnB Asset Management AS raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 244,346 shares of the restaurant operator's stock after buying an additional 7,562 shares during the quarter. DnB Asset Management AS's holdings in Chipotle Mexican Grill were worth $14,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Sound Income Strategies LLC lifted its holdings in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after purchasing 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 $38,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

CMG stock traded up $0.10 on Monday, reaching $50.01. 8,286,212 shares of the company were exchanged, compared to its average volume of 13,254,072. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26. The stock's fifty day moving average price is $53.81 and its 200 day moving average price is $57.57. The firm has a market capitalization of $67.78 billion, a PE ratio of 45.01, a PEG ratio of 2.04 and a beta of 1.27.

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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 (EPS) for the quarter, topping 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%. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

CMG has been the topic of several research analyst reports. Raymond James lowered their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Jefferies Financial Group increased their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. Loop Capital upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their price target for the company from $58.00 to $65.00 in a report on Friday, March 14th. Finally, KeyCorp cut their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average target price of $66.67.

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.