QRG Capital Management Inc. Acquires 24,654 Shares of Chipotle Mexican Grill, Inc. $CMG

QRG Capital Management Inc. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 26.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,255 shares of the restaurant operator’s stock after purchasing an additional 24,654 shares during the quarter. QRG Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $3,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CMG. Vanguard Group Inc. raised its position in Chipotle Mexican Grill by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital World Investors boosted its holdings in shares of Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after acquiring an additional 13,843,222 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chipotle Mexican Grill by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after acquiring an additional 9,237,720 shares during the last quarter. Capital International Investors grew its stake in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after acquiring an additional 6,796,285 shares during the period. Finally, Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $711,837,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 0.1%

Shares of NYSE:CMG opened at $35.37 on Monday. The stock has a market capitalization of $45.37 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 2.29 and a beta of 0.97. The firm’s 50 day moving average price is $32.28 and its 200-day moving average price is $35.07. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $57.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMG. Guggenheim lowered their price objective on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Citigroup lifted their target price on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Finally, BTIG Research reissued a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $45.10.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.