Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,477,583 shares of the restaurant operator's stock after purchasing an additional 354,805 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.18% of Chipotle Mexican Grill worth $149,389,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CMG. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $692,701,000. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $315,220,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Chipotle Mexican Grill by 123.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator's stock worth $142,398,000 after buying an additional 1,364,635 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 224.2% in the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator's stock worth $97,750,000 after buying an additional 1,173,207 shares in the last quarter. Finally, Premier Fund Managers Ltd purchased a new position in shares of Chipotle Mexican Grill in the third quarter worth about $57,335,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Stephens decreased their price target 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, Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.67.

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Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.48 during trading hours on Friday, reaching $48.52. The stock had a trading volume of 19,453,617 shares, compared to its average volume of 13,034,999. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The firm's 50 day moving average is $54.53 and its 200-day moving average is $57.66. The stock has a market capitalization of $65.76 billion, a price-to-earnings ratio of 43.70, a P/E/G 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 Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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.