Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,389 shares of the restaurant operator’s stock after acquiring an additional 2,488 shares during the quarter. Phoenix Financial Ltd.’s holdings in Chipotle Mexican Grill were worth $4,305,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its position in shares of 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 worth $87,000 after acquiring an additional 176 shares in the last quarter. Traynor Capital Management Inc. increased its stake in Chipotle Mexican Grill by 2.5% in the fourth 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 last quarter. BTC Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock worth $601,000 after purchasing an additional 184 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of 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 worth $290,000 after buying an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. boosted its holdings in shares of Chipotle Mexican Grill by 4.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock valued at $310,000 after buying an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Raymond James cut their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the company from $58.00 to $65.00 in a report on Friday, March 14th. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird cut their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Eight investment 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.10.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $50.28 on Friday. 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 capitalization of $68.14 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The stock has a fifty day moving average of $51.97 and a two-hundred day moving average of $56.95.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.