UniSuper Management Pty Ltd Acquires 8,802 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

UniSuper Management Pty Ltd raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. United Bank increased its position in Chipotle Mexican Grill by 13.7% in the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after acquiring an additional 4,451 shares during the period. Algert Global LLC acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth about $1,555,000. Townsquare Capital LLC increased its stake in shares of Chipotle Mexican Grill by 5.4% in the third quarter. Townsquare Capital LLC now owns 26,253 shares of the restaurant operator’s stock valued at $1,513,000 after buying an additional 1,338 shares during the period. Cynosure Group LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth about $380,000. Finally, Freedom Investment Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 10.0% in the third quarter. Freedom Investment Management Inc. now owns 4,727 shares of the restaurant operator’s stock worth $272,000 after acquiring an additional 431 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $49.91 on Friday. The firm has a market cap of $67.64 billion, a PE ratio of 44.95, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The stock has a fifty day moving average price of $53.81 and a 200-day moving average price of $57.54.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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%. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of several recent analyst reports. Raymond James decreased their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Citigroup increased their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Piper Sandler cut their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. KeyCorp dropped their price target on 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. Finally, Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their price objective for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $66.67.

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.