Finward Bancorp Buys Shares of 18,432 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Finward Bancorp acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,432 shares of the restaurant operator's stock, valued at approximately $1,111,000. Chipotle Mexican Grill makes up 1.0% of Finward Bancorp's holdings, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after buying an additional 176 shares during the last quarter. Traynor Capital Management Inc. lifted its holdings in Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after purchasing an additional 181 shares during the last quarter. BTC Capital Management Inc. increased its position in Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after buying an additional 184 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares during the period. Finally, Confluence Wealth Services Inc. grew its stake in shares of Chipotle Mexican Grill by 4.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after acquiring an additional 218 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. UBS Group decreased their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday. KeyCorp cut their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday. Robert W. Baird decreased their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Finally, Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their price target for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $65.42.

Chipotle Mexican Grill Stock Up 0.1 %

CMG traded up $0.05 during trading hours on Friday, reaching $48.13. 9,352,505 shares of the company's stock traded hands, compared to its average volume of 13,443,023. The firm has a market capitalization of $65.24 billion, a PE ratio of 43.36, a PEG ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average price of $50.92 and a 200 day moving average price of $56.58. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.