Wulff Hansen & CO. Invests $241,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wulff Hansen & CO. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,000 shares of the restaurant operator’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $31,000. Sound Income Strategies LLC increased its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Truvestments Capital LLC bought a new stake in Chipotle Mexican Grill in the third quarter valued at about $37,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $50,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research analyst reports. KeyCorp dropped their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Evercore ISI increased their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Truist Financial increased their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price objective for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.85.

Chipotle Mexican Grill Trading Down 3.9 %

NYSE:CMG opened at $47.72 on Wednesday. The stock has a market cap of $64.68 billion, a P/E ratio of 42.98, a PEG ratio of 2.04 and a beta of 1.27. The stock has a 50 day simple moving average of $55.05 and a 200 day simple moving average of $57.84. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.