Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 32.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,000 shares of the restaurant operator's stock after purchasing an additional 65,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Chipotle Mexican Grill were worth $15,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Tortoise Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after acquiring an additional 176 shares during the period. Traynor Capital Management Inc. increased its stake in shares of Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after acquiring an additional 181 shares during the period. BTC Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the period. Finally, Confluence Wealth Services Inc. boosted its holdings in Chipotle Mexican Grill by 4.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stephens reduced their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group boosted 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. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Robert W. Baird decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.10.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded up $1.61 during trading hours on Wednesday, hitting $47.59. 6,273,595 shares of the company's stock were exchanged, compared to its average volume of 12,420,211. The business's 50 day moving average is $52.44 and its 200-day moving average is $57.09. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The firm has a market capitalization of $64.50 billion, a P/E ratio of 42.87, a price-to-earnings-growth 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, 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, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.