Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Groupama Asset Managment

Groupama Asset Managment increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 292,163 shares of the restaurant operator’s stock after purchasing an additional 79,808 shares during the period. Groupama Asset Managment’s holdings in Chipotle Mexican Grill were worth $17,556,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake 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 valued at $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Geode Capital Management LLC boosted its position in Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock valued at $1,712,238,000 after purchasing an additional 395,053 shares during the period. American Century Companies Inc. grew its stake in Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after buying an additional 166,767 shares during the last quarter. Norges Bank acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth $1,093,345,000. Finally, Franklin Resources Inc. lifted its stake in 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 during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $50.19 on Tuesday. The business’s 50-day simple moving average is $53.67 and its 200-day simple moving average is $57.53. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26. The firm has a market cap of $68.02 billion, a price-to-earnings ratio of 45.20, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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 research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Truist Financial raised their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. reduced their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their target price for the company from $58.00 to $65.00 in a research note on Friday, March 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. 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. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

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.