8,092 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 8,092 shares of the restaurant operator’s stock, valued at approximately $488,000.

Other hedge funds have also recently bought and sold shares of the company. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $31,000. Sound Income Strategies LLC lifted its holdings in shares of 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 worth $36,000 after buying an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $50.02 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The business’s 50-day moving average is $53.35 and its 200-day moving average is $57.41. The company has a market capitalization of $67.79 billion, a price-to-earnings ratio of 45.05, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results 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 return on equity of 42.92% and a net margin of 13.56%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMG. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Citigroup lowered their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday. KeyCorp cut their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Oppenheimer increased their price objective on shares of 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 equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.38.

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.