Arrow Capital Pty Ltd Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Arrow Capital Pty Ltd bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 40,000 shares of the restaurant operator's stock, valued at approximately $2,412,000. Chipotle Mexican Grill accounts for 2.2% of Arrow Capital Pty Ltd's investment portfolio, making the stock its 22nd biggest position.

• Why Analysts See Double-Digit Upside in CAVA Stock

Other large investors have also recently made changes to their positions in the company. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC grew its position in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $38,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CMG. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday. Stephens lowered their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Oppenheimer upped their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and upped their price target for the company from $58.00 to $65.00 in a report on Friday, March 14th. Eight 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, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $65.42.

• CAVA Group Stock: Time to Take the Dip on This Investment Trip?

Get Our Latest Stock Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $48.18 on Thursday. The firm has a market cap of $65.30 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The firm has a 50 day moving average price of $51.27 and a two-hundred day moving average price of $56.71.

• 3 Stocks Near 52-Week Lows With Strong Rebound Potential

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.

Featured Articles

• Five stocks we like better than Chipotle Mexican Grill
• With Risk Tolerance, One Size Does Not Fit All
• United Airlines Is in Reversal—If the Economy Doesn’t Stall
• What is a Secondary Public Offering? What Investors Need to Know
• Morgan Stanley: 3 Financial Stocks That Will Thrive in Volatility
• How to Short Nasdaq: An Easy-to-Follow Guide
• Spotify Stock Climbs as Its Growth Strategy Diversifies

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Chipotle Mexican Grill Right Now?

Before you consider Chipotle Mexican Grill, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chipotle Mexican Grill wasn't on the list.

While Chipotle Mexican Grill currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here