Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Lifted by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,444 shares of the restaurant operator’s stock after acquiring an additional 2,175 shares during the period. Prosperity Consulting Group LLC’s holdings in Chipotle Mexican Grill were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CMG. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter valued at about $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 valued at $36,000 after buying an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill during the fourth quarter valued at about $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter valued at about $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 4.8 %

Chipotle Mexican Grill stock opened at $51.93 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The stock has a market cap of $70.38 billion, a price-to-earnings ratio of 46.78, a P/E/G ratio of 2.04 and a beta of 1.27. The business’s 50-day simple moving average is $50.11 and its 200 day simple moving average is $56.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Citigroup decreased their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Wedbush decreased their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, KeyCorp decreased their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.78.

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.