18,035 Shares in Chipotle Mexican Grill, Inc. $CMG Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,035 shares of the restaurant operator’s stock, valued at approximately $667,000.

Several other institutional investors have also recently bought and sold shares of CMG. Vanguard Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.0% in the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock worth $4,935,092,000 after acquiring an additional 2,470,213 shares during the last quarter. Capital World Investors grew its holdings in shares of Chipotle Mexican Grill by 122.7% during the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Capital International Investors increased its position in Chipotle Mexican Grill by 42.4% during the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after purchasing an additional 11,471,658 shares in the last quarter. Sustainable Growth Advisers LP increased its position in Chipotle Mexican Grill by 17.5% during the 3rd quarter. Sustainable Growth Advisers LP now owns 12,495,638 shares of the restaurant operator’s stock worth $489,704,000 after purchasing an additional 1,862,855 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Chipotle Mexican Grill by 24.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock valued at $448,084,000 after purchasing an additional 2,265,122 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Truist Financial increased their price target on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 18th. Telsey Advisory Group reduced their price objective on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Finally, DA Davidson assumed coverage on Chipotle Mexican Grill in a report on Friday, March 6th. They issued a “buy” rating and a $51.00 target price for the company. Twenty-four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.97.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $35.06 on Friday. The firm has a 50 day moving average price of $35.04 and a two-hundred day moving average price of $36.40. The stock has a market cap of $45.66 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. Chipotle Mexican Grill’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. 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 is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.