Sienna Gestion Takes $8.34 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sienna Gestion acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 138,373 shares of the restaurant operator’s stock, valued at approximately $8,343,000.

Other institutional investors also recently modified their holdings of the company. United Bank raised its position in shares of Chipotle Mexican Grill by 13.7% during the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after buying an additional 4,451 shares in the last quarter. Venturi Wealth Management LLC raised its position in Chipotle Mexican Grill by 85.9% during the third quarter. Venturi Wealth Management LLC now owns 1,487 shares of the restaurant operator’s stock valued at $86,000 after purchasing an additional 687 shares in the last quarter. Entropy Technologies LP purchased a new stake in Chipotle Mexican Grill during the third quarter valued at about $842,000. Harbour Investments Inc. lifted its stake in Chipotle Mexican Grill by 25.7% during the third quarter. Harbour Investments Inc. now owns 4,217 shares of the restaurant operator’s stock worth $243,000 after purchasing an additional 863 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 36.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 12,981 shares of the restaurant operator’s stock worth $748,000 after purchasing an additional 3,481 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group increased their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Finally, Wedbush reduced their price objective 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 investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

Chipotle Mexican Grill Stock Down 2.7 %

NYSE CMG opened at $48.70 on Friday. The stock’s 50 day moving average is $55.63 and its 200 day moving average is $57.94. The firm has a market capitalization of $66.00 billion, a PE ratio of 43.87, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve 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 EPS for the quarter, beating 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, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.