Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Forum Financial Management LP

Forum Financial Management LP increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,555 shares of the restaurant operator’s stock after buying an additional 542 shares during the quarter. Forum Financial Management LP’s holdings in Chipotle Mexican Grill were worth $576,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $31,000. Sound Income Strategies LLC grew its position 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 valued at $36,000 after buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $38,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stephens decreased their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Monday, April 14th. KeyCorp dropped their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Raymond James reduced their target price 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. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.42.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $48.13 on Friday. The business has a 50-day simple moving average of $50.92 and a 200-day simple moving average of $56.57. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The company has a market cap of $65.24 billion, a PE ratio of 43.36, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced 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%. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.