Westbourne Investments Inc. Invests $829,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Westbourne Investments Inc. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,750 shares of the restaurant operator's stock, valued at approximately $829,000.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $692,701,000. Alliancebernstein L.P. lifted its stake in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after buying an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $315,220,000. Finally, Voya Investment Management LLC grew its stake in Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after buying an additional 4,790,464 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMG has been the topic of several research reports. Wells Fargo & Company decreased their target price 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. Wedbush cut their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Loop Capital decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stephens decreased their target price on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Raymond James cut their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Nine 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.74.

Chipotle Mexican Grill Stock Down 3.0 %

CMG traded down $1.56 during trading on Monday, hitting $50.00. 11,354,840 shares of the company traded hands, compared to its average volume of 13,465,307. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The stock's fifty day moving average is $49.95 and its 200 day moving average is $55.97. The firm has a market cap of $67.37 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

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