Greenland Capital Management LP Makes New $2.50 Million Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Greenland Capital Management LP acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 41,394 shares of the restaurant operator's stock, valued at approximately $2,496,000.

Other large investors have also added to or reduced their stakes in the company. United Bank increased its position in shares of Chipotle Mexican Grill by 13.7% in the third quarter. United Bank now owns 36,851 shares of the restaurant operator's stock valued at $2,123,000 after acquiring an additional 4,451 shares during the last quarter. Quarry LP raised its holdings in Chipotle Mexican Grill by 108.4% in the 3rd quarter. Quarry LP now owns 1,219 shares of the restaurant operator's stock valued at $70,000 after acquiring an additional 634 shares during the period. EP Wealth Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.9% during the third quarter. EP Wealth Advisors LLC now owns 45,313 shares of the restaurant operator's stock worth $2,611,000 after acquiring an additional 866 shares during the period. iA Global Asset Management Inc. acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $494,000. Finally, Hodges Capital Management Inc. grew its stake in shares of Chipotle Mexican Grill by 11.2% in the third quarter. Hodges Capital Management Inc. now owns 11,510 shares of the restaurant operator's stock valued at $663,000 after acquiring an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Barclays dropped their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Robert W. Baird cut their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Raymond James dropped their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Finally, KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $66.10.

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Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $0.55 during trading hours on Friday, hitting $49.73. 14,462,022 shares of the company were exchanged, compared to its average volume of 13,423,650. The firm has a market cap of $67.39 billion, a P/E ratio of 44.79, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a 50 day simple moving average of $51.79 and a two-hundred day simple moving average of $56.89. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week 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 (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.