Summit Global Investments Purchases Shares of 6,145 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Summit Global Investments bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,145 shares of the restaurant operator's stock, valued at approximately $371,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mindset Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 16.6% in the fourth quarter. Mindset Wealth Management LLC now owns 8,800 shares of the restaurant operator's stock valued at $531,000 after buying an additional 1,250 shares during the last quarter. TD Private Client Wealth LLC raised its position in Chipotle Mexican Grill by 6.9% in the 4th quarter. TD Private Client Wealth LLC now owns 26,603 shares of the restaurant operator's stock valued at $1,604,000 after purchasing an additional 1,715 shares during the last quarter. Ballast Advisors LLC boosted its stake in Chipotle Mexican Grill by 8.8% during the 4th quarter. Ballast Advisors LLC now owns 23,425 shares of the restaurant operator's stock worth $1,413,000 after purchasing an additional 1,890 shares during the period. Semanteon Capital Management LP acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $1,423,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Chipotle Mexican Grill by 6.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 415,105 shares of the restaurant operator's stock worth $25,027,000 after buying an additional 24,721 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research firms have recently commented on CMG. KeyCorp cut their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Oppenheimer lifted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $66.67.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $0.11 on Tuesday, reaching $49.49. The stock had a trading volume of 11,348,955 shares, compared to its average volume of 13,043,617. Chipotle Mexican Grill, Inc. has a 12-month low of $47.55 and a 12-month high of $69.26. The company has a market cap of $67.08 billion, a price-to-earnings ratio of 44.58, a P/E/G ratio of 2.04 and a beta of 1.27. The firm's fifty day moving average is $54.40 and its two-hundred day moving average is $57.70.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.56% and a return on equity of 42.92%. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.