Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 49.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 36,043 shares of the restaurant operator’s stock after acquiring an additional 11,902 shares during the period. Advisory Services Network LLC’s holdings in Chipotle Mexican Grill were worth $2,173,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC raised its position in Chipotle Mexican Grill by 14.0% during the fourth 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 during the last quarter. Traynor Capital Management Inc. increased its stake in shares of 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 worth $454,000 after purchasing an additional 181 shares in the last quarter. BTC Capital Management Inc. raised its position in shares of 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 worth $601,000 after purchasing an additional 184 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its holdings 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 buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. Oppenheimer boosted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their price objective for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Finally, KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $66.10.

Chipotle Mexican Grill Trading Down 1.1 %

NYSE:CMG opened at $49.73 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The firm has a market capitalization of $67.39 billion, a price-to-earnings ratio of 44.79, a PEG ratio of 2.04 and a beta of 1.27. The firm’s fifty day simple moving average is $51.79 and its 200 day simple moving average is $56.89.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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%. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.