Pitcairn Co. Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pitcairn Co. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,082 shares of the restaurant operator’s stock after purchasing an additional 363 shares during the period. Pitcairn Co.’s holdings in Chipotle Mexican Grill were worth $487,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $692,701,000. Alliancebernstein L.P. raised its holdings in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at $315,220,000. Finally, Clearbridge Investments LLC boosted its holdings in Chipotle Mexican Grill by 2,145.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator’s stock valued at $191,757,000 after purchasing an additional 3,038,460 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 5.6 %

Shares of NYSE CMG opened at $47.29 on Friday. The company has a 50-day moving average of $53.16 and a 200 day moving average of $57.33. Chipotle Mexican Grill, Inc. has a 12-month low of $46.78 and a 12-month high of $69.26. The stock has a market cap of $64.09 billion, a PE ratio of 42.59, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly 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 return on equity of 42.92% and a net margin of 13.56%. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stephens reduced their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company reduced their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Oppenheimer raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

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.