Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 26.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,203 shares of the restaurant operator’s stock after buying an additional 4,177 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Chipotle Mexican Grill were worth $1,218,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $31,000. Sound Income Strategies LLC increased its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $37,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Barclays reduced their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stephens cut their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.74.

Chipotle Mexican Grill Stock Up 2.4 %

Shares of NYSE CMG opened at $48.94 on Thursday. The stock has a market capitalization of $66.33 billion, a P/E ratio of 44.08, a P/E/G ratio of 2.04 and a beta of 1.27. The firm’s 50-day moving average price is $54.87 and its two-hundred day moving average price is $57.77. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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.