Wulff Hansen & CO. Takes $241,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wulff Hansen & CO. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the restaurant operator’s stock, valued at approximately $241,000.

Several other institutional investors have also made changes to their positions in CMG. United Bank raised its stake in shares of Chipotle Mexican Grill by 13.7% in the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after acquiring an additional 4,451 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 16,864 shares of the restaurant operator’s stock valued at $972,000 after acquiring an additional 418 shares in the last quarter. Claro Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 64.4% in the 3rd quarter. Claro Advisors LLC now owns 6,749 shares of the restaurant operator’s stock valued at $389,000 after acquiring an additional 2,644 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in shares of Chipotle Mexican Grill by 5.0% in the 3rd quarter. Meeder Advisory Services Inc. now owns 19,981 shares of the restaurant operator’s stock valued at $1,151,000 after acquiring an additional 959 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. raised its stake in shares of Chipotle Mexican Grill by 144.5% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 205,352 shares of the restaurant operator’s stock valued at $11,832,000 after acquiring an additional 121,352 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $47.72 on Wednesday. The firm has a market cap of $64.68 billion, a P/E ratio of 42.98, a P/E/G ratio of 2.04 and a beta of 1.27. The business’s fifty day moving average is $55.05 and its two-hundred day moving average is $57.84. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays cut their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Jefferies Financial Group lifted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Citigroup lifted their price target 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. Finally, Evercore ISI lifted 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. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.85.

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.