Loomis Sayles & Co. L P Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Loomis Sayles & Co. L P lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 54.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,544 shares of the restaurant operator’s stock after buying an additional 902 shares during the period. Loomis Sayles & Co. L P’s holdings in Chipotle Mexican Grill were worth $153,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill during the fourth quarter valued at $692,701,000. Raymond James Financial Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. AGF Management Ltd. lifted 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 purchasing an additional 820,696 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 445.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 833,494 shares of the restaurant operator’s stock valued at $50,260,000 after buying an additional 680,595 shares during the period. Finally, Temasek Holdings Private Ltd bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $37,021,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMG. Citigroup raised their price target 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. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Stephens lowered their price objective on shares of 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. Finally, Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $49.91 on Monday. The business’s 50-day simple moving average is $53.81 and its two-hundred day simple moving average is $57.57. The company has a market cap of $67.64 billion, a PE ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 net margin of 13.56% and a return on equity of 42.92%. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.