Corebridge Financial Inc. Buys 27,059 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Corebridge Financial Inc. lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 395,779 shares of the restaurant operator’s stock after purchasing an additional 27,059 shares during the quarter. Corebridge Financial Inc.’s holdings in Chipotle Mexican Grill were worth $23,865,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CMG. Golden State Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $371,000. Raymond James Financial Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC raised its stake in Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new position in Chipotle Mexican Grill during the fourth quarter valued at $715,000. Finally, Vinva Investment Management Ltd grew its stake in shares of Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after buying an additional 21,864 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Oppenheimer lifted 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 note on Tuesday, January 7th. Finally, Raymond James reduced their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Eight investment 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 data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $49.62 on Tuesday. The company 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. The firm’s 50 day moving average price is $54.40 and its 200-day moving average price is $57.70. 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 announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.