Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 577,487 shares of the restaurant operator’s stock after acquiring an additional 109,304 shares during the period. Tocqueville Asset Management L.P.’s holdings in Chipotle Mexican Grill were worth $22,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.0% during the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock worth $4,935,092,000 after purchasing an additional 2,470,213 shares during the last quarter. Capital World Investors boosted its holdings in Chipotle Mexican Grill by 122.7% in the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Capital International Investors boosted its holdings in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after purchasing an additional 11,471,658 shares during the last quarter. Alliancebernstein L.P. grew its position in Chipotle Mexican Grill by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock worth $1,859,211,000 after purchasing an additional 606,190 shares during the period. Finally, Geode Capital Management LLC grew its position in Chipotle Mexican Grill by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock worth $1,657,193,000 after purchasing an additional 325,926 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock traded up $0.19 during mid-day trading on Friday, reaching $32.75. 3,965,892 shares of the company’s stock were exchanged, compared to its average volume of 17,194,211. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42. The stock’s 50 day moving average is $38.13 and its 200 day moving average is $37.64. The company has a market cap of $42.65 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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 business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMG. Telsey Advisory Group decreased their price objective on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Mizuho dropped their target price on Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley decreased their price target on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $48.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $47.37.

Chipotle Mexican Grill Company 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.