Caisse Des Depots ET Consignations Takes $6.54 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Caisse Des Depots ET Consignations acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 108,472 shares of the restaurant operator’s stock, valued at approximately $6,541,000.

Several other large investors also recently added to or reduced their stakes in the business. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $31,000. Sound Income Strategies LLC grew its holdings in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the period. Truvestments Capital LLC purchased a new stake in Chipotle Mexican Grill in the third quarter worth about $37,000. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $38,000. Finally, Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $45,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Up 1.1 %

CMG stock opened at $50.05 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26. The stock has a market cap of $67.83 billion, a PE ratio of 45.08, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a 50-day moving average price of $54.11 and a 200 day moving average price of $57.61.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CMG shares. Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their target price for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Truist Financial lifted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Evercore ISI increased their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Stephens cut their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

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.