7,771 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Clune & Associates LTD.

Clune & Associates LTD. purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,771 shares of the restaurant operator's stock, valued at approximately $469,000.

Other institutional investors have also recently made changes to their positions in the company. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $31,000. Sound Income Strategies LLC raised 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 worth $36,000 after acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $37,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analyst Weigh In

CMG has been the subject of several recent research reports. Raymond James decreased their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Wedbush cut their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Piper Sandler reduced 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 research report on Wednesday, February 5th. Sanford C. Bernstein reissued an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Stephens reduced their target price on 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. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $66.67.

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Chipotle Mexican Grill Stock Down 0.2 %

Shares of Chipotle Mexican Grill stock traded down $0.11 during trading on Tuesday, reaching $49.49. The company's 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 52-week low of $47.55 and a 52-week high of $69.26. The firm's 50-day moving average is $54.26 and its two-hundred day moving average is $57.67. The company has a market cap of $67.08 billion, a price-to-earnings ratio of 44.58, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results 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 return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.