Horizon Investments LLC Has $1.26 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Horizon Investments LLC grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,810 shares of the restaurant operator’s stock after purchasing an additional 2,202 shares during the period. Horizon Investments LLC’s holdings in Chipotle Mexican Grill were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Alphinity Investment Management Pty Ltd acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $692,701,000. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after purchasing an additional 1,364,635 shares in the last quarter. Intech Investment Management LLC raised its stake 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 worth $97,750,000 after purchasing an additional 1,173,207 shares during the last quarter. Finally, Premier Fund Managers Ltd bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $57,335,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.4 %

Shares of CMG stock opened at $48.94 on Thursday. The firm’s 50 day moving average is $54.87 and its 200 day moving average is $57.77. The stock has a market capitalization of $66.33 billion, a P/E ratio of 44.08, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26.

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

Analyst Ratings Changes

Several brokerages recently issued reports on CMG. Jefferies Financial Group upped their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Raymond James reduced their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Oppenheimer boosted their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $66.74.

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.