GKV Capital Management Co. Inc. Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

GKV Capital Management Co. Inc. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the restaurant operator’s stock, valued at approximately $60,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. Anchor Investment Management LLC increased its stake in Chipotle Mexican Grill by 7.1% during the 3rd quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator’s stock valued at $1,505,000 after buying an additional 1,724 shares during the period. Pine Valley Investments Ltd Liability Co raised its position in shares of Chipotle Mexican Grill by 1,597.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator’s stock worth $3,814,000 after purchasing an additional 62,288 shares during the period. World Investment Advisors LLC purchased a new stake in Chipotle Mexican Grill during the third quarter valued at about $4,709,000. Arvest Bank Trust Division purchased a new position in shares of Chipotle Mexican Grill in the third quarter worth approximately $359,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $668,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.1 %

CMG opened at $48.13 on Friday. The stock’s 50 day moving average price is $51.08 and its two-hundred day moving average price is $56.64. The firm has a market capitalization of $65.24 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

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%. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on CMG. JPMorgan Chase & Co. lowered 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 research report on Thursday, March 20th. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Barclays reduced their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. KeyCorp lowered their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Monday. Eight research 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. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $65.42.

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.