Kane Investment Management Inc. Acquires New Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kane Investment Management Inc. bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,064 shares of the restaurant operator’s stock, valued at approximately $1,210,000.

Other hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock worth $1,712,238,000 after buying an additional 395,053 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after acquiring an additional 166,767 shares in the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $1,093,345,000. Finally, Franklin Resources Inc. raised its stake in shares of Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after acquiring an additional 381,873 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $49.55 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The stock has a fifty day moving average price of $51.63 and a two-hundred day moving average price of $56.82. The firm has a market capitalization of $67.16 billion, a P/E ratio of 44.63, a P/E/G ratio of 2.04 and a beta of 1.27.

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%. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their target price for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Royal Bank of Canada decreased 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 report on Monday. Finally, Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.74.

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.