Y Intercept Hong Kong Ltd Invests $4.24 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Y Intercept Hong Kong Ltd acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 70,267 shares of the restaurant operator’s stock, valued at approximately $4,237,000.

Other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC grew its holdings in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $33,000. Sound Income Strategies LLC boosted 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 purchasing an additional 555 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth $37,000. Finally, Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $45,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $51.47 on Monday. The company has a 50-day simple moving average of $58.38 and a 200-day simple moving average of $58.16. The firm has a market capitalization of $69.76 billion, a P/E ratio of 46.36, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on CMG shares. Truist Financial lifted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Loop Capital raised their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Citigroup lifted their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price objective for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

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.