Parnassus Investments LLC Has $1.15 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Parnassus Investments LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,076 shares of the restaurant operator’s stock after purchasing an additional 2,340 shares during the quarter. Parnassus Investments LLC’s holdings in Chipotle Mexican Grill were worth $1,150,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Thompson Siegel & Walmsley LLC raised its position in Chipotle Mexican Grill by 12.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 94,400 shares of the restaurant operator’s stock valued at $5,692,000 after buying an additional 10,500 shares during the last quarter. Impact Capital Partners LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $1,025,000. Balboa Wealth Partners acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $390,000. Skandinaviska Enskilda Banken AB publ raised its position in Chipotle Mexican Grill by 20.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 343,072 shares of the restaurant operator’s stock valued at $20,615,000 after buying an additional 57,587 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Chipotle Mexican Grill by 15.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 60,595 shares of the restaurant operator’s stock valued at $3,654,000 after buying an additional 7,896 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $50.12 on Friday. The stock’s fifty day moving average price is $55.43 and its two-hundred day moving average price is $57.91. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The firm has a market cap of $67.93 billion, a price-to-earnings ratio of 45.14, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports 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 research report on Wednesday, December 4th. Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer lifted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Evercore ISI boosted their price target 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, Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.85.

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.