Kane Investment Management Inc. Invests $1.21 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kane Investment Management Inc. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 20,064 shares of the restaurant operator's stock, valued at approximately $1,210,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $692,701,000. Alliancebernstein L.P. lifted its holdings in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after acquiring an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $315,220,000. Finally, Clearbridge Investments LLC raised its position in Chipotle Mexican Grill by 2,145.9% during the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock valued at $191,757,000 after purchasing an additional 3,038,460 shares during the period. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE CMG traded up $0.05 during trading on Friday, hitting $48.13. The company's stock had a trading volume of 9,352,505 shares, compared to its average volume of 13,443,023. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market cap of $65.24 billion, a PE ratio of 43.36, a P/E/G ratio of 2.04 and a beta of 1.27. The business's 50 day simple moving average is $50.92 and its 200-day simple moving average is $56.58.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued 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 net margin of 13.56% and a return on equity of 42.92%. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of analyst reports. Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Piper Sandler dropped their target price on 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 reiterated an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average target price of $65.42.

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.