Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,149,863 shares of the restaurant operator’s stock after buying an additional 147,047 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $128,347,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alphinity Investment Management Pty Ltd purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $692,701,000. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after buying an additional 1,364,635 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Chipotle Mexican Grill by 11.6% in 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 buying an additional 858,704 shares during the last quarter. Finally, AGF Management Ltd. boosted its stake in Chipotle Mexican Grill by 1,158.2% in the fourth quarter. AGF Management Ltd. now owns 891,554 shares of the restaurant operator’s stock worth $53,761,000 after buying an additional 820,696 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $50.98 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The company’s 50-day simple moving average is $53.97 and its 200 day simple moving average is $57.57. The firm has a market capitalization of $69.10 billion, a P/E ratio of 45.92, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMG. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price objective for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Raymond James decreased their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Evercore ISI increased their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Stephens decreased their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.67.

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.