Centaurus Financial Inc. Buys 59,852 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Centaurus Financial Inc. increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 159.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,343 shares of the restaurant operator's stock after buying an additional 59,852 shares during the quarter. Centaurus Financial Inc.'s holdings in Chipotle Mexican Grill were worth $5,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after purchasing an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $315,220,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMG. KeyCorp lowered their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Loop Capital lowered their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. UBS Group lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial lowered their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Nine investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.60.

Chipotle Mexican Grill Trading Up 0.8%

CMG stock traded up $0.39 during mid-day trading on Friday, hitting $50.12. The stock had a trading volume of 14,823,367 shares, compared to its average volume of 13,504,067. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The firm has a market capitalization of $67.53 billion, a P/E ratio of 45.15, a P/E/G ratio of 2.04 and a beta of 1.11. The firm has a fifty day simple moving average of $50.02 and a 200 day simple moving average of $55.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $13.37 EPS. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.