Northstar Financial Companies Inc. Buys Shares of 5,000 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Northstar Financial Companies Inc. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,000 shares of the restaurant operator's stock, valued at approximately $302,000.

Several other large investors have also added to or reduced their stakes in the business. Alliancebernstein L.P. grew its stake in Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Geode Capital Management LLC grew its stake in Chipotle Mexican Grill by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after purchasing an additional 395,053 shares during the period. American Century Companies Inc. grew its stake in Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after purchasing an additional 166,767 shares during the period. Norges Bank acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $1,093,345,000. Finally, Northern Trust Corp grew its stake in Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after purchasing an additional 1,438,860 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group reduced 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. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. KeyCorp reduced 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. Finally, Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a research note on Friday, April 25th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $61.60.

Chipotle Mexican Grill Stock Up 0.8%

Chipotle Mexican Grill stock traded up $0.39 during mid-day trading on Friday, reaching $50.12. 14,823,367 shares of the company's stock were exchanged, compared to its average volume of 13,504,044. The business's fifty day simple moving average is $50.04 and its 200 day simple moving average is $54.95. The firm has a market capitalization of $67.53 billion, a PE ratio of 45.15, a P/E/G ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $13.37 earnings per share. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.