Russell Investments Group Ltd. Purchases 292,873 Shares of Chipotle Mexican Grill, Inc. $CMG

Russell Investments Group Ltd. lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,910,838 shares of the restaurant operator’s stock after purchasing an additional 292,873 shares during the quarter. Russell Investments Group Ltd.’s holdings in Chipotle Mexican Grill were worth $114,170,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Chipotle Mexican Grill by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock worth $4,935,092,000 after buying an additional 2,470,213 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Chipotle Mexican Grill by 1.9% in the second quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock worth $1,859,211,000 after buying an additional 606,190 shares in the last quarter. Geode Capital Management LLC grew its position in Chipotle Mexican Grill by 1.1% during the second quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock valued at $1,657,193,000 after acquiring an additional 325,926 shares during the last quarter. American Century Companies Inc. grew its position in Chipotle Mexican Grill by 2.9% during the second quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator’s stock valued at $1,193,618,000 after acquiring an additional 595,038 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $1,001,668,000. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMG shares. Truist Financial boosted their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Wall Street Zen raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday. Stephens reissued an “equal weight” rating and issued a $35.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $48.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $47.37.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $35.33 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42. The company’s 50 day moving average price is $38.33 and its 200-day moving average price is $37.77. The stock has a market capitalization of $46.01 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 2.18 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

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.