Congress Wealth Management LLC DE Purchases 6,905 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Congress Wealth Management LLC DE increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 306,201 shares of the restaurant operator’s stock after buying an additional 6,905 shares during the period. Congress Wealth Management LLC DE’s holdings in Chipotle Mexican Grill were worth $18,464,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its stake in Chipotle Mexican Grill by 1.6% during the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after buying an additional 438,007 shares during the last quarter. American Century Companies Inc. raised its stake in Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after buying an additional 166,767 shares during the last quarter. Franklin Resources Inc. raised its stake in Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after buying an additional 381,873 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill during the fourth quarter worth $692,701,000. Finally, Janus Henderson Group PLC raised its stake in Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after buying an additional 518,521 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday. Wedbush decreased their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Stock Down 1.0 %

CMG stock opened at $48.52 on Monday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The stock has a market capitalization of $65.76 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm’s fifty day simple moving average is $54.53 and its two-hundred day simple moving average is $57.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.