Heritage Investors Management Corp Purchases 31,560 Shares of Chipotle Mexican Grill, Inc. $CMG

Heritage Investors Management Corp lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 498,120 shares of the restaurant operator’s stock after buying an additional 31,560 shares during the quarter. Heritage Investors Management Corp’s holdings in Chipotle Mexican Grill were worth $19,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Operose Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Salomon & Ludwin LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at approximately $26,000. Lavaca Capital LLC bought a new position in Chipotle Mexican Grill in the second quarter worth approximately $28,000. Activest Wealth Management lifted its holdings in Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after buying an additional 270 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Chipotle Mexican Grill during the third quarter worth $29,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $38.53 on Tuesday. The stock has a 50-day moving average of $37.37 and a two-hundred day moving average of $39.08. The stock has a market cap of $50.94 billion, a P/E ratio of 34.10, a P/E/G ratio of 3.50 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $59.19.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 5th. Evercore ISI reiterated an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Friday, December 19th. Robert W. Baird decreased their price target on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Raymond James Financial boosted their price objective on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $50.23.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.