Nisa Investment Advisors LLC Buys 2,474 Shares of Chipotle Mexican Grill, Inc. $CMG

Nisa Investment Advisors LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 401,141 shares of the restaurant operator’s stock after acquiring an additional 2,474 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $22,524,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $28,000. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill during the first quarter valued at approximately $25,000. Activest Wealth Management boosted its stake in Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 270 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in Chipotle Mexican Grill during the second quarter valued at approximately $29,000. Finally, 1248 Management LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $27,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.5%

Chipotle Mexican Grill stock opened at $41.18 on Monday. The firm has a 50-day moving average price of $40.98 and a 200-day moving average price of $47.10. The firm has a market capitalization of $55.22 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird lowered their target price on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. TD Cowen reiterated a “buy” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 19th. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, September 3rd. Piper Sandler raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $53.00 to $50.00 in a report on Tuesday, August 12th. Finally, Melius initiated coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They issued a “hold” rating and a $60.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.69.

Chipotle Mexican Grill Company 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.