Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,203 shares of the restaurant operator’s stock after buying an additional 4,177 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Chipotle Mexican Grill were worth $1,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Alphinity Investment Management Pty Ltd purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $692,701,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $315,220,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Chipotle Mexican Grill by 123.3% in the third 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 during the period. Intech Investment Management LLC raised its holdings in shares of Chipotle Mexican Grill by 224.2% in the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after buying an additional 1,173,207 shares during the last quarter. Finally, Premier Fund Managers Ltd acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $57,335,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of several recent research reports. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their price target for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Oppenheimer lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Raymond James cut their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Finally, Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their target price for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $66.74.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $48.94 on Thursday. The business’s fifty day moving average price is $54.87 and its two-hundred day moving average price is $57.77. The stock has a market cap of $66.33 billion, a PE ratio of 44.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year 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, 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%. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.