108,472 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, HoldingsChannel reports. The firm bought 108,472 shares of the restaurant operator’s stock, valued at approximately $6,541,000.

Several other hedge funds have also recently modified their holdings of the stock. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $31,000. Sound Income Strategies LLC boosted its stake in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $38,000. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at approximately $37,000. Finally, Financial Life Planners acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CMG shares. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Wells Fargo & Company lowered their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. 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 report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $50.05 on Thursday. The company has a market capitalization of $67.83 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The business has a 50-day moving average of $54.11 and a two-hundred day moving average of $57.61.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.