Korea Investment CORP Purchases 70,252 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Korea Investment CORP boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,142,615 shares of the restaurant operator’s stock after buying an additional 70,252 shares during the period. Korea Investment CORP owned approximately 0.08% of Chipotle Mexican Grill worth $68,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $371,000. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $315,220,000. U.S. Capital Wealth Advisors LLC increased its position in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Chipotle Mexican Grill during the fourth quarter worth $715,000. Finally, Vinva Investment Management Ltd increased its position in Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after acquiring an additional 21,864 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $50.98 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The stock has a market cap of $69.10 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The stock has a 50-day moving average of $53.97 and a two-hundred day moving average of $57.57.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly 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%. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of a number of recent analyst reports. Stephens dropped 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. Evercore ISI lifted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. 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 report on Friday, March 14th. Finally, Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently 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.