Russell Investments Group Ltd. Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Russell Investments Group Ltd. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,056,922 shares of the restaurant operator's stock after buying an additional 181,863 shares during the period. Russell Investments Group Ltd. owned 0.15% of Chipotle Mexican Grill worth $124,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $31,000. Sound Income Strategies LLC lifted its stake in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter valued at $50,000. Institutional investors own 91.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays cut their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Stifel Nicolaus decreased their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their price objective for the company from $58.00 to $65.00 in a report on Friday, March 14th. Finally, Wells Fargo & Company reduced their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.10.

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Chipotle Mexican Grill Price Performance

NYSE:CMG traded up $0.96 during trading hours on Wednesday, reaching $46.94. The company had a trading volume of 4,991,713 shares, compared to its average volume of 13,334,034. The firm has a market cap of $63.62 billion, a PE ratio of 42.27, 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 $44.46 and a 1-year high of $69.26. The business's 50 day moving average price is $52.44 and its 200-day moving average price is $57.09.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping 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 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.