Counterpoint Mutual Funds LLC Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Counterpoint Mutual Funds LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,624 shares of the restaurant operator’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC grew its position in shares of Chipotle Mexican Grill by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after purchasing an additional 438,007 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Chipotle Mexican Grill by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after purchasing an additional 381,873 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $692,701,000. Janus Henderson Group PLC grew its position in shares of Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after purchasing an additional 518,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Chipotle Mexican Grill by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock worth $511,865,000 after purchasing an additional 288,266 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Citigroup increased their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Stephens reduced their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Eight research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.85.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $47.72 on Wednesday. The company has a fifty day moving average price of $55.05 and a 200-day moving average price of $57.84. The company has a market capitalization of $64.68 billion, a P/E ratio of 42.98, a PEG ratio of 2.04 and a beta of 1.27. 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 released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.