Allspring Global Investments Holdings LLC Has $13.33 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Allspring Global Investments Holdings LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 222,532 shares of the restaurant operator’s stock after buying an additional 3,003 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Chipotle Mexican Grill were worth $13,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Chipotle Mexican Grill by 1.6% during the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after acquiring an additional 438,007 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after acquiring an additional 381,873 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after acquiring an additional 518,521 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Chipotle Mexican Grill by 11.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after purchasing an additional 858,704 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Chipotle Mexican Grill by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock worth $472,505,000 after purchasing an additional 132,756 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.8 %

CMG stock opened at $57.06 on Tuesday. The firm has a market capitalization of $77.74 billion, a PE ratio of 51.39, a PEG ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The business’s 50 day simple moving average is $59.50 and its 200 day simple moving average is $58.14.

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

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup increased their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Barclays lowered their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” 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 target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, BMO Capital Markets increased their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $66.31.

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.