Headlands Technologies LLC Takes $488,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Headlands Technologies LLC purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,092 shares of the restaurant operator's stock, valued at approximately $488,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. raised its stake in Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC increased its position in Chipotle Mexican Grill by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after buying an additional 395,053 shares in the last quarter. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 0.8% in the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after acquiring an additional 166,767 shares in the last quarter. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $1,093,345,000. Finally, Franklin Resources Inc. increased its position in shares of Chipotle Mexican Grill by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock valued at $805,692,000 after purchasing an additional 381,873 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

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Chipotle Mexican Grill Price Performance

NYSE CMG traded down $1.56 during trading hours on Monday, hitting $45.73. The company's stock had a trading volume of 9,649,760 shares, compared to its average volume of 12,296,091. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The company's 50 day simple moving average is $53.16 and its two-hundred day simple moving average is $57.33. The company has a market cap of $61.98 billion, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates 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 predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research analyst reports. Robert W. Baird decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Monday. Stephens lowered their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Wedbush lowered their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Morgan Stanley upgraded Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Eight research 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $66.10.

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.