Mindset Wealth Management LLC Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mindset Wealth Management LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.6% during the 4th quarter, Holdings Channel reports. The firm owned 8,800 shares of the restaurant operator’s stock after buying an additional 1,250 shares during the quarter. Mindset Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $531,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $31,000. Sound Income Strategies LLC increased its holdings in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $37,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $50,000. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CMG shares. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $65.00 to $70.00 in a report on Monday, March 3rd. Citigroup upped their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Cfra upgraded shares of 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 note on Wednesday, February 5th. Wedbush dropped their target price on shares of 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. Finally, Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Eight equities 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $49.00 on Friday. The stock has a market capitalization of $66.41 billion, a P/E ratio of 44.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a 50 day moving average price of $54.69 and a 200 day moving average price of $57.71. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate 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 forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company 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.