Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Ossiam

Ossiam raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 249.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,974 shares of the restaurant operator's stock after purchasing an additional 115,572 shares during the quarter. Ossiam's holdings in Chipotle Mexican Grill were worth $9,767,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $31,000. Sound Income Strategies LLC increased its holdings in shares of 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 acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $38,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $50,000. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded up $0.67 during midday trading on Thursday, reaching $49.43. 20,662,876 shares of the company's stock traded hands, compared to its average volume of 13,500,041. The company has a market cap of $66.99 billion, a P/E ratio of 44.56, a PEG ratio of 2.04 and a beta of 1.27. The company has a fifty day simple moving average of $50.31 and a two-hundred day simple moving average of $56.38. 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 released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on CMG shares. Robert W. Baird decreased their price target on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday. Citigroup decreased their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Piper Sandler dropped their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday. Royal Bank of Canada decreased their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Truist Financial dropped their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.03.

Chipotle Mexican Grill Company 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.