Nuveen Asset Management LLC Has $687.06 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nuveen Asset Management LLC reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,393,996 shares of the restaurant operator’s stock after selling 139,015 shares during the quarter. Nuveen Asset Management LLC owned 0.84% of Chipotle Mexican Grill worth $687,058,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $371,000. Raymond James Financial Inc. bought a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $315,220,000. U.S. Capital Wealth Advisors LLC boosted its position in Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after buying an additional 9,070 shares in the last quarter. Vinva Investment Management Ltd boosted its position in Chipotle Mexican Grill by 50.6% in the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after buying an additional 21,864 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $715,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. KeyCorp lowered their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Evercore ISI dropped their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Truist Financial reduced their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, TD Securities lowered their price objective on Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Nine equities research 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 MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $61.74.

Chipotle Mexican Grill Trading Down 0.2%

CMG stock opened at $50.66 on Wednesday. The firm has a market cap of $68.26 billion, a PE ratio of 45.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The stock has a 50-day moving average price of $49.59 and a 200-day moving average price of $55.57. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $13.37 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.