Canada Post Corp Registered Pension Plan Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Canada Post Corp Registered Pension Plan acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 26,650 shares of the restaurant operator's stock, valued at approximately $1,607,000.

Several other hedge funds also recently modified their holdings of CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $31,000. Sound Income Strategies LLC raised its position in Chipotle Mexican Grill by 1,110.0% during 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 last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill during the 4th quarter worth about $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 0.1 %

Shares of NYSE:CMG traded up $0.05 during mid-day trading on Friday, reaching $48.13. The stock had a trading volume of 9,352,505 shares, compared to its average volume of 13,432,046. The company has a market cap of $65.24 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business's 50 day moving average price is $51.08 and its 200 day moving average price is $56.64. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26.

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 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%. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CMG shares. UBS Group lowered 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 note on Wednesday. Loop Capital upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and upped their price objective for the company from $58.00 to $65.00 in a report on Friday, March 14th. KeyCorp reduced their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday. Stephens dropped their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler reduced their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $65.42.

About Chipotle Mexican Grill

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.