Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 155.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,025 shares of the restaurant operator’s stock after purchasing an additional 6,101 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Chipotle Mexican Grill were worth $605,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $31,000. Sound Income Strategies LLC grew its holdings in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CMG shares. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Stephens restated an “equal weight” rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, May 7th. Argus cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Morgan Stanley decreased their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Evercore ISI decreased their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.74.

Chipotle Mexican Grill Trading Down 0.2%

CMG opened at $50.67 on Friday. The stock has a market cap of $68.27 billion, a price-to-earnings ratio of 45.64, a PEG ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The stock has a fifty day moving average price of $49.92 and a 200 day moving average price of $55.24.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share 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 company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the firm earned $13.37 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast 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.