44,555 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by Summit X LLC

Summit X LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,555 shares of the restaurant operator's stock, valued at approximately $2,686,000.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter worth about $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $33,000. Sound Income Strategies LLC increased its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after buying an additional 555 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $37,000. Finally, Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Up 0.3 %

Shares of NYSE CMG opened at $49.99 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The company's fifty day moving average is $56.05 and its 200-day moving average is $58.06. The stock has a market cap of $67.76 billion, a price-to-earnings ratio of 45.03, a P/E/G ratio of 2.04 and a beta of 1.27.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CMG shares. Oppenheimer raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Stephens dropped 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 report on Wednesday, February 5th. Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup increased their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.60.

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.

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