Connors Investor Services Inc. Makes New $241,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Connors Investor Services Inc. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, Holdings Channel.com reports. The fund bought 4,000 shares of the restaurant operator’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Voleon Capital Management LP acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth about $2,067,000. Schonfeld Strategic Advisors LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $5,470,000. AQR Capital Management LLC boosted its stake in shares of Chipotle Mexican Grill by 64.0% in the 4th quarter. AQR Capital Management LLC now owns 1,509,387 shares of the restaurant operator’s stock valued at $91,016,000 after purchasing an additional 588,901 shares during the last quarter. Perbak Capital Partners LLP grew its position in shares of Chipotle Mexican Grill by 3.1% during the 4th quarter. Perbak Capital Partners LLP now owns 21,654 shares of the restaurant operator’s stock worth $1,306,000 after buying an additional 642 shares during the period. Finally, Lido Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 15.7% during the fourth quarter. Lido Advisors LLC now owns 86,549 shares of the restaurant operator’s stock worth $5,219,000 after buying an additional 11,749 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.5 %

CMG stock opened at $50.65 on Wednesday. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The stock has a market cap of $68.24 billion, a P/E ratio of 45.62, a P/E/G ratio of 2.04 and a beta of 1.27. The stock’s fifty day simple moving average is $50.01 and its two-hundred day simple moving average is $56.17.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $13.37 earnings per share. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CMG shares. Barclays lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Stifel Nicolaus decreased their price objective 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. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a research note on Friday. Finally, Royal Bank of Canada lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.74.

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.