Sagespring Wealth Partners LLC Invests $1.02 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sagespring Wealth Partners LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,906 shares of the restaurant operator's stock, valued at approximately $1,019,000.

Several other institutional investors have also recently made changes to their positions in the business. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC grew its position 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 acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $38,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday. Morgan Stanley raised shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Oppenheimer increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $65.42.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded up $0.26 during trading on Thursday, hitting $48.34. 3,137,891 shares of the company were exchanged, compared to its average volume of 13,390,401. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The firm has a market capitalization of $65.51 billion, a P/E ratio of 43.43, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm's fifty day moving average price is $51.27 and its 200 day moving average price is $56.71.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.