6,145 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Summit Global Investments

Summit Global Investments bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,145 shares of the restaurant operator’s stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $31,000. Sound Income Strategies LLC grew its stake in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $37,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Wedbush cut their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Jefferies Financial Group boosted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Trading Up 2.2 %

Shares of Chipotle Mexican Grill stock opened at $49.62 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The firm has a market capitalization of $67.25 billion, a PE ratio of 44.69, a P/E/G ratio of 2.04 and a beta of 1.27. The firm’s 50-day moving average price is $54.40 and its 200 day moving average price is $57.70.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.