Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 181.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,019 shares of the restaurant operator's stock after acquiring an additional 22,566 shares during the quarter. Twin Capital Management Inc.'s holdings in Chipotle Mexican Grill were worth $2,112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $31,000. Sound Income Strategies LLC grew its position in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $50,000. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CMG shares. Sanford C. Bernstein restated an "outperform" rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their target price for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Finally, Morgan Stanley upgraded shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.10.

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Chipotle Mexican Grill Trading Down 1.1 %

Shares of CMG traded down $0.54 during trading hours on Friday, reaching $49.73. 7,821,523 shares of the company traded hands, compared to its average volume of 13,399,363. The stock's fifty day moving average price is $51.97 and its 200 day moving average price is $56.95. The firm has a market cap of $67.40 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

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

Chipotle Mexican Grill 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.