Ethic Inc. Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ethic Inc. lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5,455.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,106 shares of the restaurant operator's stock after buying an additional 162,134 shares during the quarter. Ethic Inc.'s holdings in Chipotle Mexican Grill were worth $9,956,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMG. Tortoise Investment Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after buying an additional 176 shares in the last quarter. Traynor Capital Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after buying an additional 181 shares in the last quarter. BTC Capital Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after buying an additional 184 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. boosted its holdings in shares of Chipotle Mexican Grill by 4.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after buying an additional 218 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Evercore ISI cut their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Stephens reaffirmed an "equal weight" rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.74.

Chipotle Mexican Grill Stock Performance

CMG traded down $1.68 on Friday, hitting $49.77. 16,053,658 shares of the company were exchanged, compared to its average volume of 13,510,594. The business's fifty day moving average is $49.67 and its 200 day moving average is $55.66. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The firm has a market capitalization of $67.06 billion, a P/E ratio of 44.83, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the business posted $13.37 earnings per share. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts forecast 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.