Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,302 shares of the restaurant operator’s stock after buying an additional 6,376 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Chipotle Mexican Grill were worth $4,723,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CMG. United Bank lifted its position in shares of Chipotle Mexican Grill by 13.7% during the third quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after purchasing an additional 4,451 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $2,315,000. Cerity Partners LLC lifted its holdings in Chipotle Mexican Grill by 17.6% during the 3rd quarter. Cerity Partners LLC now owns 571,738 shares of the restaurant operator’s stock worth $32,943,000 after buying an additional 85,407 shares in the last quarter. Algert Global LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $1,555,000. Finally, Centaurus Financial Inc. grew its stake in shares of Chipotle Mexican Grill by 222.1% in the third quarter. Centaurus Financial Inc. now owns 37,491 shares of the restaurant operator’s stock worth $2,160,000 after acquiring an additional 25,851 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.2 %

Shares of CMG stock opened at $49.62 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.55 and a 12-month high of $69.26. The company has a market cap of $67.25 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The stock has a 50 day simple moving average of $54.40 and a 200-day simple moving average of $57.70.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results 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 forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. KeyCorp reduced their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Citigroup lifted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Oppenheimer upped their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stephens decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Truist Financial increased their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.67.

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.