Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,340,832 shares of the restaurant operator’s stock after acquiring an additional 245,324 shares during the period. Principal Financial Group Inc.’s holdings in Chipotle Mexican Grill were worth $141,152,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Chipotle Mexican Grill by 1.6% in 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 acquiring an additional 438,007 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after purchasing an additional 381,873 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after purchasing an additional 518,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Chipotle Mexican Grill by 11.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after purchasing an additional 858,704 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock worth $472,505,000 after purchasing an additional 132,756 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the subject of several research reports. Citigroup raised their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price target for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Trading Down 4.6 %

Shares of CMG stock opened at $54.48 on Wednesday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The firm’s fifty day simple moving average is $59.35 and its 200 day simple moving average is $58.16. The firm has a market capitalization of $74.23 billion, a P/E ratio of 49.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results 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%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.02% of the stock is currently owned by insiders.

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.