Impact Capital Partners LLC Buys New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Impact Capital Partners LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,994 shares of the restaurant operator's stock, valued at approximately $1,025,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $371,000. Raymond James Financial Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC increased its stake in Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock worth $900,000 after buying an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth $715,000. Finally, Hantz Financial Services Inc. increased its stake in Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator's stock worth $2,820,000 after buying an additional 48,126 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMG. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Oppenheimer boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. KeyCorp lowered 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. Finally, Wedbush lowered their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average price target of $66.60.

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Chipotle Mexican Grill Trading Up 0.2 %

Shares of NYSE:CMG opened at $50.07 on Thursday. The company has a 50 day moving average of $55.85 and a 200-day moving average of $58.01. The firm has a market cap of $67.85 billion, a P/E ratio of 45.10, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS 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%. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

About Chipotle Mexican Grill

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.

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