Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,075 shares of the restaurant operator’s stock after selling 52,369 shares during the period. Chipotle Mexican Grill comprises about 0.4% of Quantbot Technologies LP’s holdings, making the stock its 26th biggest position. Quantbot Technologies LP’s holdings in Chipotle Mexican Grill were worth $11,522,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMG. Geode Capital Management LLC raised its holdings in Chipotle Mexican Grill by 1.6% during the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after purchasing an additional 438,007 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after buying an additional 381,873 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $692,701,000. Janus Henderson Group PLC raised its stake in shares of Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after buying an additional 518,521 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Chipotle Mexican Grill by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock worth $511,865,000 after buying an additional 288,266 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Oppenheimer raised their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Jefferies Financial Group boosted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Truist Financial increased their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.60.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $48.70 on Friday. The company’s 50 day moving average price is $55.63 and its 200 day moving average price is $57.94. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The firm has a market capitalization of $66.00 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.