Capital International Investors Has $1.51 Billion Position in Chipotle Mexican Grill, Inc. $CMG

Capital International Investors grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 42.4% in the third quarter, HoldingsChannel.com reports. The fund owned 38,497,927 shares of the restaurant operator’s stock after buying an additional 11,471,658 shares during the period. Capital International Investors’ holdings in Chipotle Mexican Grill were worth $1,509,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $1,001,668,000. Sustainable Growth Advisers LP acquired a new position in Chipotle Mexican Grill during the second quarter worth approximately $597,031,000. BlueSpruce Investments LP raised its stake in Chipotle Mexican Grill by 24,760.7% in the second quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock valued at $220,711,000 after buying an additional 3,914,921 shares during the period. Vanguard Group Inc. raised its stake in Chipotle Mexican Grill by 2.0% in the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after buying an additional 2,470,213 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Chipotle Mexican Grill by 2,705.6% in the second quarter. Marshall Wace LLP now owns 2,126,682 shares of the restaurant operator’s stock valued at $119,413,000 after buying an additional 2,050,882 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

CMG opened at $35.33 on Tuesday. The business has a fifty day simple moving average of $38.33 and a 200 day simple moving average of $37.77. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The company has a market capitalization of $46.01 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMG. Stephens reissued an “equal weight” rating and set a $35.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Mizuho cut their price target on Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Finally, BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.37.

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.