Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,302 shares of the restaurant operator’s stock after buying an additional 6,376 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Chipotle Mexican Grill were worth $4,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $31,000. Sound Income Strategies LLC increased its stake 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 purchasing an additional 555 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at approximately $37,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at $45,000. Finally, Oakworth Capital Inc. acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMG. Stifel Nicolaus reduced their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Barclays decreased 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 note on Wednesday, February 5th. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Oppenheimer boosted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Stock Up 2.2 %

NYSE CMG opened at $49.62 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26. The business has a 50 day moving average price of $54.40 and a two-hundred day moving average price of $57.70. The stock has a market cap of $67.25 billion, a PE ratio of 44.69, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.