Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Korea Investment CORP

Korea Investment CORP lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,142,615 shares of the restaurant operator's stock after buying an additional 70,252 shares during the quarter. Korea Investment CORP owned about 0.08% of Chipotle Mexican Grill worth $68,900,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at $31,000. Sound Income Strategies LLC grew its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $38,000. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $37,000. Finally, Financial Life Planners bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $45,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded up $0.28 during midday trading on Monday, hitting $50.19. 14,677,734 shares of the stock were exchanged, compared to its average volume of 13,277,620. The firm has a market cap of $68.02 billion, a P/E ratio of 45.20, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26. The stock has a fifty day simple moving average of $53.67 and a 200 day simple moving average of $57.53.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Barclays dropped their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Oppenheimer boosted their target price 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. Finally, Wells Fargo & Company reduced 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. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.67.

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.