E Fund Management Co. Ltd. Buys 462 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

E Fund Management Co. Ltd. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,301 shares of the restaurant operator’s stock after purchasing an additional 462 shares during the period. E Fund Management Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $802,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after purchasing an additional 438,007 shares during the period. Franklin Resources Inc. increased its position in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after purchasing an additional 381,873 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $692,701,000. Janus Henderson Group PLC grew its position in Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after acquiring an additional 518,521 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Chipotle Mexican Grill by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock valued at $511,865,000 after acquiring an additional 288,266 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $50.22 on Friday. The stock has a market capitalization of $68.06 billion, a price-to-earnings ratio of 45.23, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The stock’s 50 day moving average price is $56.47 and its two-hundred day moving average price is $58.04.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly 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 return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is owned by insiders.

Analysts Set New Price Targets

CMG has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. KeyCorp cut their price target on 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. Finally, Wedbush cut their price target 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. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.60.

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.