Thrivent Financial for Lutherans Acquires 354,805 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Thrivent Financial for Lutherans boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,477,583 shares of the restaurant operator’s stock after buying an additional 354,805 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chipotle Mexican Grill were worth $149,389,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CMG. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $31,000. Sound Income Strategies LLC raised its holdings in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the period. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at $37,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.8 %

CMG stock opened at $49.61 on Tuesday. The stock has a market cap of $67.24 billion, a PE ratio of 44.69, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The company has a 50-day moving average price of $55.25 and a 200 day moving average price of $57.89.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James lowered their price objective on 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. Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Stephens cut their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their price objective for the company from $58.00 to $65.00 in a research report on Friday. Eight 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.85.

Chipotle Mexican Grill 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.