Infusive Asset Management Inc. Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Infusive Asset Management Inc. increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 73.4% during the 4th quarter, Holdings Channel reports. The firm owned 101,069 shares of the restaurant operator’s stock after acquiring an additional 42,788 shares during the quarter. Chipotle Mexican Grill comprises approximately 2.7% of Infusive Asset Management Inc.’s investment portfolio, making the stock its 16th largest holding. Infusive Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $6,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $31,000. Sound Income Strategies LLC boosted its position in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at $38,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CMG shares. UBS Group reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James cut their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Stephens decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, 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 note on Tuesday, January 7th. Eight research 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. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

Chipotle Mexican Grill Trading Up 0.1 %

CMG stock opened at $48.13 on Friday. The stock has a 50-day moving average price of $51.08 and a two-hundred day moving average price of $56.64. The company has a market cap of $65.24 billion, a PE ratio of 43.36, a price-to-earnings-growth 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) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.