Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Xponance Inc.

Xponance Inc. lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 316,446 shares of the restaurant operator’s stock after acquiring an additional 8,120 shares during the quarter. Xponance Inc.’s holdings in Chipotle Mexican Grill were worth $19,082,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CMG. Alphinity Investment Management Pty Ltd bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $692,701,000. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $315,220,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after purchasing an additional 1,364,635 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Chipotle Mexican Grill by 224.2% during the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after purchasing an additional 1,173,207 shares in the last quarter. Finally, Premier Fund Managers Ltd bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $57,335,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CMG shares. Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the company from $58.00 to $65.00 in a research report on Friday. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $65.00 to $70.00 in a report on Monday, March 3rd. Finally, Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.85.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $49.61 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The stock has a market capitalization of $67.24 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 2.04 and a beta of 1.27. The company’s 50 day moving average price is $55.25 and its 200-day moving average price is $57.89.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 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%. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.