Allred Capital Management LLC Buys 4,161 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Allred Capital Management LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 36.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,649 shares of the restaurant operator’s stock after purchasing an additional 4,161 shares during the quarter. Allred Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $944,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC raised its holdings in Chipotle Mexican Grill by 1,110.0% during the fourth 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. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the topic of several recent research reports. KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup dropped their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Oppenheimer lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Raymond James lowered their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.42.

Chipotle Mexican Grill Stock Up 0.1 %

NYSE:CMG opened at $48.13 on Friday. The firm’s fifty day simple moving average is $51.08 and its 200 day simple moving average is $56.64. The stock has a market cap of $65.24 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.