125,190 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 125,190 shares of the restaurant operator's stock, valued at approximately $7,549,000.

Several other institutional investors have also recently modified their holdings of the stock. ProShare Advisors LLC raised its position in shares of Chipotle Mexican Grill by 14.1% during the 4th quarter. ProShare Advisors LLC now owns 201,415 shares of the restaurant operator's stock worth $12,145,000 after purchasing an additional 24,963 shares during the last quarter. Quadcap Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 5.4% during the 4th quarter. Quadcap Wealth Management LLC now owns 20,439 shares of the restaurant operator's stock worth $1,232,000 after purchasing an additional 1,045 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Chipotle Mexican Grill by 2.6% during the 4th quarter. Pathstone Holdings LLC now owns 223,943 shares of the restaurant operator's stock worth $13,504,000 after purchasing an additional 5,628 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $1,213,000. Finally, NorthRock Partners LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $696,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CMG shares. Piper Sandler cut their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Citigroup cut their price target on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. UBS Group cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Truist Financial cut their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $61.74.

Chipotle Mexican Grill Trading Up 0.5%

NYSE:CMG traded up $0.28 on Friday, reaching $52.32. The stock had a trading volume of 10,833,771 shares, compared to its average volume of 13,565,012. The company has a 50-day moving average of $49.72 and a 200 day moving average of $55.43. The stock has a market cap of $70.49 billion, a P/E ratio of 47.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $13.37 EPS. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.