Gardner Lewis Asset Management L P Takes $1.17 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Gardner Lewis Asset Management L P purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,415 shares of the restaurant operator's stock, valued at approximately $1,171,000.

Other large investors have also bought and sold shares of the company. DnB Asset Management AS boosted its holdings in Chipotle Mexican Grill by 3.2% during the fourth quarter. DnB Asset Management AS now owns 244,346 shares of the restaurant operator's stock worth $14,734,000 after buying an additional 7,562 shares during the last quarter. Alerus Financial NA raised its position in shares of Chipotle Mexican Grill by 9.0% in the 4th quarter. Alerus Financial NA now owns 58,508 shares of the restaurant operator's stock valued at $3,528,000 after acquiring an additional 4,826 shares during the period. Level Four Advisory Services LLC boosted its stake in Chipotle Mexican Grill by 33.4% during the 4th quarter. Level Four Advisory Services LLC now owns 5,936 shares of the restaurant operator's stock worth $358,000 after acquiring an additional 1,487 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Chipotle Mexican Grill by 18.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 83,053 shares of the restaurant operator's stock valued at $5,008,000 after purchasing an additional 12,766 shares during the period. Finally, Broadway Wealth Solutions Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $282,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their price target for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Wells Fargo & Company cut 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. Wedbush dropped their target price 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. 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 stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average price target of $66.67.

Chipotle Mexican Grill Trading Down 1.0 %

Shares of NYSE:CMG traded down $0.49 on Monday, hitting $49.42. The company had a trading volume of 5,297,588 shares, compared to its average volume of 13,241,049. The stock has a market cap of $66.98 billion, a price-to-earnings ratio of 44.51, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a 50 day moving average price of $53.81 and a 200 day moving average price of $57.57. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly 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 net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.