Heritage Investors Management Corp increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 529,085 shares of the restaurant operator’s stock after buying an additional 30,965 shares during the quarter. Heritage Investors Management Corp’s holdings in Chipotle Mexican Grill were worth $19,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Nova Scotia increased its position in Chipotle Mexican Grill by 11.0% during the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after purchasing an additional 47,241 shares during the period. Klein Pavlis & Peasley Financial Inc. acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $1,597,000. Crescent Park Management L.P. acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $5,911,000. WINTON GROUP Ltd increased its position in Chipotle Mexican Grill by 269.6% during the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock valued at $14,888,000 after purchasing an additional 277,090 shares during the period. Finally, Rockland Trust Co. acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $2,476,000. Institutional investors and hedge funds own 91.30% of the company’s stock.
Chipotle Mexican Grill Stock Down 0.4%
Shares of CMG stock opened at $32.83 on Friday. The company has a market cap of $42.11 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The firm has a 50 day moving average of $33.34 and a 200-day moving average of $35.23.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. BNP Paribas Exane increased their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Stephens increased their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Telsey Advisory Group decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Finally, Morgan Stanley decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $46.03.
Read Our Latest Analysis on CMG
Chipotle Mexican Grill Profile
Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.
The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.
Featured Stories
- Five stocks we like better than Chipotle Mexican Grill
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report).
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.
