KLP Kapitalforvaltning AS Buys Shares of 463,900 Chipotle Mexican Grill, Inc. (NYSE:CMG)

KLP Kapitalforvaltning AS acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 463,900 shares of the restaurant operator's stock, valued at approximately $27,973,000.

Other hedge funds have also recently modified their holdings of the company. United Bank lifted its stake in Chipotle Mexican Grill by 13.7% in the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator's stock worth $2,123,000 after purchasing an additional 4,451 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Chipotle Mexican Grill by 29.4% in the third quarter. Advisors Asset Management Inc. now owns 46,854 shares of the restaurant operator's stock worth $2,700,000 after buying an additional 10,638 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Chipotle Mexican Grill by 21.8% during the third quarter. Citizens Financial Group Inc. RI now owns 3,896 shares of the restaurant operator's stock valued at $224,000 after buying an additional 696 shares during the last quarter. Banco Santander S.A. grew its holdings in Chipotle Mexican Grill by 23.7% during the 3rd quarter. Banco Santander S.A. now owns 14,534 shares of the restaurant operator's stock valued at $837,000 after buying an additional 2,781 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $2,315,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Down 0.2 %

NYSE:CMG traded down $0.11 during mid-day trading on Tuesday, reaching $49.49. The company's stock had a trading volume of 11,293,169 shares, compared to its average volume of 13,047,992. The stock has a fifty day moving average of $54.40 and a 200-day moving average of $57.70. The firm has a market capitalization of $67.08 billion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS 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%. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on CMG. Sanford C. Bernstein reiterated an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Loop Capital upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their price objective for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Stephens reduced their target price 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 raised their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Eight 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, the company 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.