Symmetry Partners LLC Takes $1.39 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Symmetry Partners LLC purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, Holdings Channel reports. The fund purchased 23,115 shares of the restaurant operator’s stock, valued at approximately $1,394,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CMG. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $31,000. Sound Income Strategies LLC raised its stake in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $37,000. Financial Life Planners bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $50,000. Institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMG. Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Citigroup lifted their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. 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. Finally, Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.74.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $48.94 on Thursday. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The firm has a market cap of $66.33 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 2.04 and a beta of 1.27. The firm’s fifty day moving average is $54.87 and its two-hundred day moving average is $57.77.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.