William Blair Investment Management LLC Has $375.41 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

William Blair Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,225,731 shares of the restaurant operator’s stock after acquiring an additional 38,212 shares during the quarter. Chipotle Mexican Grill comprises 0.9% of William Blair Investment Management LLC’s portfolio, making the stock its 14th biggest holding. William Blair Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $375,412,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $692,701,000. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $315,220,000. Thrivent Financial for Lutherans raised its holdings in Chipotle Mexican Grill by 674.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after acquiring an additional 1,848,625 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Chipotle Mexican Grill by 123.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after acquiring an additional 1,364,635 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 224.2% during the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after acquiring an additional 1,173,207 shares during the period. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of several research reports. Citigroup lifted their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Raymond James lowered their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company cut their price objective on shares of 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 raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their target price for the stock from $58.00 to $65.00 in a report on Friday. Finally, Stephens cut their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $66.85.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $50.12 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The company has a market capitalization of $67.93 billion, a P/E ratio of 45.14, a PEG ratio of 2.04 and a beta of 1.27. The company has a fifty day moving average price of $55.43 and a 200-day moving average price of $57.94.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.