15,662 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Crestline Management LP

Crestline Management LP bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,662 shares of the restaurant operator’s stock, valued at approximately $944,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. boosted its position in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock worth $1,712,238,000 after acquiring an additional 395,053 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after acquiring an additional 166,767 shares during the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $1,093,345,000. Finally, Northern Trust Corp raised its position in shares of Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator’s stock valued at $870,918,000 after purchasing an additional 1,438,860 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 3.3 %

Shares of NYSE CMG opened at $49.77 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The company’s 50-day simple moving average is $49.67 and its 200-day simple moving average is $55.71. The firm has a market cap of $67.06 billion, a price-to-earnings ratio of 44.83, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $13.37 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on CMG. Evercore ISI dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Stephens reissued an “equal weight” rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday. Wedbush reduced their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, Truist Financial reduced their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.74.

About Chipotle Mexican Grill

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.