Mirova Purchases 15,285 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mirova grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,179 shares of the restaurant operator's stock after purchasing an additional 15,285 shares during the quarter. Mirova's holdings in Chipotle Mexican Grill were worth $4,171,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC lifted its stake in Chipotle Mexican Grill by 7.1% during the third quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator's stock worth $1,505,000 after purchasing an additional 1,724 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in Chipotle Mexican Grill by 1,597.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator's stock worth $3,814,000 after acquiring an additional 62,288 shares during the period. World Investment Advisors LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at approximately $4,709,000. Arvest Bank Trust Division bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth about $359,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $668,000. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 3.6 %

CMG stock traded up $1.68 during midday trading on Wednesday, reaching $48.78. 22,040,861 shares of the company's stock traded hands, compared to its average volume of 13,468,431. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The stock's 50-day moving average is $50.48 and its 200 day moving average is $56.43. The stock has a market cap of $66.11 billion, a P/E ratio of 43.93, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 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.

Wall Street Analyst Weigh In

Several analysts have recently commented on CMG shares. Oppenheimer increased their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Truist Financial reduced their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price objective for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Stephens reaffirmed an "equal weight" rating and set a $54.00 price objective on shares of Chipotle Mexican Grill in a report on Monday. Finally, Barclays decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Eight 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.99.

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.