Johnson Investment Counsel Inc. Acquires 2,700 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Johnson Investment Counsel Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 54.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,668 shares of the restaurant operator’s stock after buying an additional 2,700 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Chipotle Mexican Grill were worth $462,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. NBT Bank N A NY boosted its holdings in shares of Chipotle Mexican Grill by 13.4% in the 4th quarter. NBT Bank N A NY now owns 15,940 shares of the restaurant operator’s stock worth $961,000 after purchasing an additional 1,879 shares during the period. Argentarii LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $458,000. OFI Invest Asset Management acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $36,427,000. Personal CFO Solutions LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $255,000. Finally, Amundi raised its holdings in shares of Chipotle Mexican Grill by 4.4% during the fourth quarter. Amundi now owns 6,520,210 shares of the restaurant operator’s stock worth $377,651,000 after purchasing an additional 272,216 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $48.70 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The business’s 50 day simple moving average is $55.63 and its 200 day simple moving average is $57.94. The company has a market capitalization of $66.00 billion, a P/E ratio of 43.87, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the topic of a number of research reports. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Truist Financial raised their price target 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. Piper Sandler lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Stephens cut their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price objective for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $66.60.

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.