Summit Global Investments Makes New $371,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Summit Global Investments purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,145 shares of the restaurant operator’s stock, valued at approximately $371,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at $31,000. Sound Income Strategies LLC boosted its position in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $37,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.2 %

Shares of CMG opened at $49.62 on Tuesday. The firm has a market capitalization of $67.25 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 2.04 and a beta of 1.27. The firm’s fifty day simple moving average is $54.40 and its 200-day simple moving average is $57.70. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wedbush dropped their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. KeyCorp lowered their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.67.

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.