NorthRock Partners LLC Makes New $696,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

NorthRock Partners LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,544 shares of the restaurant operator's stock, valued at approximately $696,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Occudo Quantitative Strategies LP increased its stake in Chipotle Mexican Grill by 325.7% during the fourth quarter. Occudo Quantitative Strategies LP now owns 43,446 shares of the restaurant operator's stock worth $2,620,000 after purchasing an additional 33,241 shares during the period. OMERS ADMINISTRATION Corp increased its stake in Chipotle Mexican Grill by 20.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 57,261 shares of the restaurant operator's stock worth $3,453,000 after purchasing an additional 9,561 shares during the period. Morse Asset Management Inc increased its stake in Chipotle Mexican Grill by 65.0% during the fourth quarter. Morse Asset Management Inc now owns 4,315 shares of the restaurant operator's stock worth $260,000 after purchasing an additional 1,700 shares during the period. MJP Associates Inc. ADV increased its stake in Chipotle Mexican Grill by 5.7% during the fourth quarter. MJP Associates Inc. ADV now owns 11,476 shares of the restaurant operator's stock worth $692,000 after purchasing an additional 617 shares during the period. Finally, Moore Capital Management LP purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth about $1,171,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of recent research reports. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their price target for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Sanford C. Bernstein reissued an "outperform" rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Piper Sandler lowered their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research report 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 report on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $61.74.

Chipotle Mexican Grill Trading Down 0.1%

Shares of Chipotle Mexican Grill stock traded down $0.05 during trading hours on Monday, hitting $52.27. 7,750,825 shares of the company were exchanged, compared to its average volume of 13,541,761. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The business has a 50-day moving average of $49.72 and a 200-day moving average of $55.42. The stock has a market capitalization of $70.43 billion, a price-to-earnings ratio of 47.08, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the prior year, the business earned $13.37 earnings per share. The company's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.