Parallel Advisors LLC Buys 676 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Parallel Advisors LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,245 shares of the restaurant operator’s stock after acquiring an additional 676 shares during the period. Parallel Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,402,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CMG. Alphinity Investment Management Pty Ltd purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $692,701,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in Chipotle Mexican Grill by 123.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after buying an additional 1,364,635 shares during the period. Intech Investment Management LLC increased its holdings in Chipotle Mexican Grill by 224.2% during the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after buying an additional 1,173,207 shares during the period. Finally, Premier Fund Managers Ltd purchased a new position in Chipotle Mexican Grill during the third quarter valued at approximately $57,335,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $47.72 on Wednesday. The company has a market capitalization of $64.68 billion, a PE ratio of 42.98, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a fifty day moving average of $55.05 and a 200 day moving average of $57.84. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMG. Evercore ISI lifted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Raymond James cut their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.85.

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.