Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Norinchukin Bank The

Norinchukin Bank The grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,856 shares of the restaurant operator's stock after purchasing an additional 5,238 shares during the period. Norinchukin Bank The's holdings in Chipotle Mexican Grill were worth $3,730,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CMG. Norges Bank purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $692,701,000. Alliancebernstein L.P. raised its holdings 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 buying an additional 6,853,470 shares during the period. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. Finally, Clearbridge Investments LLC grew its stake in Chipotle Mexican Grill by 2,145.9% during the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock worth $191,757,000 after buying an additional 3,038,460 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Raymond James reduced their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Piper Sandler lowered their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. UBS Group cut their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Truist Financial cut their target price on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday. Eight research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.99.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded up $1.68 during trading hours on Wednesday, hitting $48.78. The stock had a trading volume of 22,040,861 shares, compared to its average volume of 13,468,431. The stock's fifty day simple moving average is $50.48 and its 200 day simple moving average is $56.43. The firm has a market capitalization of $66.11 billion, a price-to-earnings ratio of 43.93, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.