Virtu Financial LLC Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Virtu Financial LLC purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 80,396 shares of the restaurant operator’s stock, valued at approximately $4,848,000.

Other hedge funds have also made changes to their positions in the company. Sciencast Management LP raised its holdings in Chipotle Mexican Grill by 3.3% during the fourth quarter. Sciencast Management LP now owns 50,478 shares of the restaurant operator’s stock worth $3,044,000 after purchasing an additional 1,633 shares in the last quarter. Summit Global Investments purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at $371,000. Mindset Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 16.6% in the fourth quarter. Mindset Wealth Management LLC now owns 8,800 shares of the restaurant operator’s stock valued at $531,000 after acquiring an additional 1,250 shares during the period. TD Private Client Wealth LLC lifted its holdings in Chipotle Mexican Grill by 6.9% in the fourth quarter. TD Private Client Wealth LLC now owns 26,603 shares of the restaurant operator’s stock valued at $1,604,000 after acquiring an additional 1,715 shares during the period. Finally, Ballast Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 8.8% during the 4th quarter. Ballast Advisors LLC now owns 23,425 shares of the restaurant operator’s stock worth $1,413,000 after buying an additional 1,890 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.0 %

Shares of NYSE CMG opened at $48.52 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The stock’s 50 day moving average price is $54.53 and its 200-day moving average price is $57.66. The company has a market capitalization of $65.76 billion, a PE ratio of 43.70, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate 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, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price target for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Stifel Nicolaus dropped 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. Wedbush cut their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Barclays lowered their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.67.

About Chipotle Mexican Grill

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.