William Blair Investment Management LLC Has $122.58 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

William Blair Investment Management LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 34.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,313,041 shares of the restaurant operator’s stock after selling 1,710,662 shares during the period. William Blair Investment Management LLC owned approximately 0.25% of Chipotle Mexican Grill worth $122,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Bank of Nova Scotia boosted its stake in Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock worth $18,642,000 after purchasing an additional 47,241 shares during the period. Klein Pavlis & Peasley Financial Inc. acquired a new position in Chipotle Mexican Grill in the 4th quarter worth $1,597,000. Crescent Park Management L.P. acquired a new position in Chipotle Mexican Grill in the 3rd quarter worth $5,911,000. WINTON GROUP Ltd boosted its stake in Chipotle Mexican Grill by 269.6% in the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock worth $14,888,000 after purchasing an additional 277,090 shares during the period. Finally, Heritage Investors Management Corp boosted its stake in Chipotle Mexican Grill by 6.8% in the 3rd quarter. Heritage Investors Management Corp now owns 498,120 shares of the restaurant operator’s stock worth $19,521,000 after purchasing an additional 31,560 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $37.00 to $40.00 in a research note on Friday, March 20th. Piper Sandler reduced 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 note on Thursday, April 30th. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Raymond James Financial reduced their target price on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Finally, TD Cowen reaffirmed a “buy” rating and issued a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $32.84 on Friday. The firm has a 50-day moving average of $33.32 and a 200-day moving average of $35.22. The company has a market cap of $42.13 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 2.12 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

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.