Nomura Asset Management Co. Ltd. Has $45.39 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nomura Asset Management Co. Ltd. reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 752,677 shares of the restaurant operator's stock after selling 36,216 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Chipotle Mexican Grill worth $45,386,000 as of its most recent SEC filing.

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

Chipotle Mexican Grill Stock Up 1.3 %

CMG traded up $0.65 during trading on Tuesday, reaching $50.86. 2,929,322 shares of the company's stock were exchanged, compared to its average volume of 13,237,281. The business has a 50 day moving average price of $53.67 and a 200 day moving average price of $57.53. The company has a market capitalization of $68.93 billion, a P/E ratio of 45.71, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly 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, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CMG shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Barclays reduced their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Stephens cut their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Eight equities 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. According to data from MarketBeat, Chipotle Mexican Grill presently has an average 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.