Rathbones Group PLC Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Rathbones Group PLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, Holdings Channel.com reports. The fund acquired 3,450 shares of the restaurant operator’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its position in Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after purchasing an additional 176 shares during the period. Traynor Capital Management Inc. increased its position in Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after purchasing an additional 181 shares during the period. BTC Capital Management Inc. increased its position in Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after purchasing an additional 184 shares during the period. Revolve Wealth Partners LLC increased its position in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the period. Finally, Confluence Wealth Services Inc. increased its position in Chipotle Mexican Grill by 4.2% during the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock valued at $310,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $50.94 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market cap of $69.04 billion, a PE ratio of 45.88, a PEG ratio of 2.04 and a beta of 1.27. The business’s 50-day simple moving average is $52.13 and its two-hundred day simple moving average is $57.00.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Piper Sandler cut their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.10.

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.