Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,445,242 shares of the restaurant operator's stock after purchasing an additional 8,609 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.11% of Chipotle Mexican Grill worth $87,115,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC raised its position 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 valued at $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $38,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.1 %

CMG stock traded up $0.05 on Friday, reaching $48.13. 9,352,505 shares of the company's stock were exchanged, compared to its average volume of 13,408,265. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The firm has a market cap of $65.24 billion, a PE ratio of 43.36, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a fifty day moving average of $50.92 and a 200-day moving average of $56.57.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CMG shares. Wedbush lowered their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company dropped their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their target price for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, UBS Group reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $65.42.

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.