UniSuper Management Pty Ltd Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

UniSuper Management Pty Ltd boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,468 shares of the restaurant operator's stock after acquiring an additional 8,802 shares during the period. UniSuper Management Pty Ltd's holdings in Chipotle Mexican Grill were worth $5,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tortoise Investment Management LLC grew its stake in 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 buying an additional 176 shares in the last quarter. Traynor Capital Management Inc. grew its position in Chipotle Mexican Grill by 2.5% in the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after acquiring an additional 181 shares in the last quarter. BTC Capital Management Inc. increased its stake in Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after acquiring an additional 184 shares during the last quarter. Revolve Wealth Partners LLC lifted 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 purchasing an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. boosted its holdings in shares of Chipotle Mexican Grill by 4.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock worth $310,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on CMG shares. Raymond James cut their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their target price for the company from $58.00 to $65.00 in a report on Friday, March 14th. Piper Sandler reduced their price objective on 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. Evercore ISI increased their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $66.67.

Chipotle Mexican Grill Price Performance

NYSE CMG traded up $0.02 during mid-day trading on Monday, reaching $49.93. The stock had a trading volume of 6,996,194 shares, compared to its average volume of 13,248,130. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The company has a fifty day moving average price of $53.81 and a 200 day moving average price of $57.57. The stock has a market cap of $67.68 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating 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, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.