Tower Research Capital LLC TRC Has $7 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Tower Research Capital LLC TRC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 149.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 116,150 shares of the restaurant operator's stock after acquiring an additional 69,576 shares during the period. Tower Research Capital LLC TRC's holdings in Chipotle Mexican Grill were worth $7,004,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CMG. Norges Bank bought a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth $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 worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $315,220,000. Finally, Clearbridge Investments LLC increased its position in shares of Chipotle Mexican Grill by 2,145.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock valued at $191,757,000 after buying an additional 3,038,460 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday. Citigroup decreased their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley cut their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday. Stifel Nicolaus lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Finally, KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.78.

Chipotle Mexican Grill Trading Up 4.8 %

CMG stock traded up $2.39 during trading on Friday, hitting $51.93. The company had a trading volume of 26,657,351 shares, compared to its average volume of 13,482,577. The stock has a market cap of $70.38 billion, a PE ratio of 46.78, a PEG ratio of 2.04 and a beta of 1.27. The business has a 50-day moving average of $50.11 and a 200-day moving average of $56.29. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Research 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.