Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Sciencast Management LP

Sciencast Management LP boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,478 shares of the restaurant operator’s stock after buying an additional 1,633 shares during the period. Chipotle Mexican Grill makes up approximately 0.8% of Sciencast Management LP’s portfolio, making the stock its 13th largest holding. Sciencast Management LP’s holdings in Chipotle Mexican Grill were worth $3,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $31,000. Sound Income Strategies LLC lifted its position in 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 valued at $36,000 after purchasing an additional 555 shares during the period. Truvestments Capital LLC acquired a new stake in Chipotle Mexican Grill in the third quarter valued at about $37,000. Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $50,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.0 %

NYSE:CMG opened at $48.52 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.55 and a 12-month high of $69.26. The firm has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company’s 50-day moving average is $54.53 and its two-hundred day moving average is $57.66.

Chipotle Mexican Grill (NYSE:CMG) last announced its 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 net margin of 13.56% and a return on equity of 42.92%. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CMG shares. Piper Sandler reduced their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Evercore ISI raised their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Stephens decreased their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $66.67.

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.