Axiom Investors LLC DE Purchases 868,240 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Axiom Investors LLC DE raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 39.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,081,455 shares of the restaurant operator’s stock after acquiring an additional 868,240 shares during the quarter. Chipotle Mexican Grill comprises 1.4% of Axiom Investors LLC DE’s investment portfolio, making the stock its 19th biggest holding. Axiom Investors LLC DE’s holdings in Chipotle Mexican Grill were worth $185,812,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $31,000. Sound Income Strategies LLC lifted its stake in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth $50,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMG. Raymond James dropped their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Wells Fargo & Company decreased their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their target price for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Finally, Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $49.91 on Monday. The company’s 50 day simple moving average is $53.81 and its two-hundred day simple moving average is $57.57. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The stock has a market capitalization of $67.64 billion, a PE ratio of 44.95, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Profile

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.