Connors Investor Services Inc. Makes New $241,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Connors Investor Services Inc. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,000 shares of the restaurant operator’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Voleon Capital Management LP purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $2,067,000. Schonfeld Strategic Advisors LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $5,470,000. AQR Capital Management LLC increased its holdings in Chipotle Mexican Grill by 64.0% during the 4th quarter. AQR Capital Management LLC now owns 1,509,387 shares of the restaurant operator’s stock worth $91,016,000 after purchasing an additional 588,901 shares during the period. Perbak Capital Partners LLP raised its position in Chipotle Mexican Grill by 3.1% in the 4th quarter. Perbak Capital Partners LLP now owns 21,654 shares of the restaurant operator’s stock valued at $1,306,000 after purchasing an additional 642 shares in the last quarter. Finally, Lido Advisors LLC grew its holdings in Chipotle Mexican Grill by 15.7% during the 4th quarter. Lido Advisors LLC now owns 86,549 shares of the restaurant operator’s stock worth $5,219,000 after acquiring an additional 11,749 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $50.65 on Wednesday. The company’s fifty day moving average price is $50.01 and its two-hundred day moving average price is $56.17. The firm has a market capitalization of $68.24 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $13.37 EPS. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial lowered their target price on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Robert W. Baird cut their price target on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Wedbush lowered their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $61.74.

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.