Brown Brothers Harriman & Co. Acquires 4,780 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brown Brothers Harriman & Co. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 90.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,088 shares of the restaurant operator’s stock after purchasing an additional 4,780 shares during the period. Brown Brothers Harriman & Co.’s holdings in Chipotle Mexican Grill were worth $608,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. United Bank increased its stake in shares of Chipotle Mexican Grill by 13.7% in the third quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after buying an additional 4,451 shares during the period. Townsquare Capital LLC raised its holdings in Chipotle Mexican Grill by 5.4% during the 3rd quarter. Townsquare Capital LLC now owns 26,253 shares of the restaurant operator’s stock worth $1,513,000 after purchasing an additional 1,338 shares during the last quarter. Freedom Investment Management Inc. lifted its position in shares of Chipotle Mexican Grill by 10.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 4,727 shares of the restaurant operator’s stock worth $272,000 after purchasing an additional 431 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Chipotle Mexican Grill by 2.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 86,167 shares of the restaurant operator’s stock valued at $4,965,000 after purchasing an additional 1,726 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Chipotle Mexican Grill by 16.1% during the third quarter. Public Sector Pension Investment Board now owns 59,150 shares of the restaurant operator’s stock worth $3,408,000 after buying an additional 8,200 shares during the period. 91.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays cut their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer raised their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. KeyCorp lowered their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Finally, Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $65.00 in a research note on Friday, March 14th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Stock Down 2.0 %

Shares of NYSE CMG opened at $49.91 on Monday. The company has a market capitalization of $67.64 billion, a PE ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27. The stock’s 50 day moving average price is $53.81 and its 200-day moving average price is $57.57. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company 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.