Cwm LLC Has $14.37 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Cwm LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 538.4% during the 4th quarter, Holdings Channel reports. The fund owned 388,374 shares of the restaurant operator’s stock after acquiring an additional 327,540 shares during the quarter. Cwm LLC’s holdings in Chipotle Mexican Grill were worth $14,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Trueblood Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after buying an additional 253 shares during the last quarter. Centurion Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 3.1% in the fourth quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 260 shares during the last quarter. Lakeshore Capital Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 1.9% in the third quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock valued at $573,000 after buying an additional 272 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc raised its holdings in shares of Chipotle Mexican Grill by 0.8% in the third quarter. Pine Haven Investment Counsel Inc now owns 37,391 shares of the restaurant operator’s stock valued at $1,465,000 after buying an additional 280 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DA Davidson assumed coverage on Chipotle Mexican Grill in a report on Friday, March 6th. They issued a “buy” rating and a $51.00 price target for the company. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 26th. Mizuho raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $37.00 to $40.00 in a report on Friday, March 20th. Argus reissued a “hold” rating on shares of Chipotle Mexican Grill in a report on Thursday, February 5th. Finally, Telsey Advisory Group lowered their price target on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Twenty-four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.13.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $35.71 on Friday. The company’s 50 day simple moving average is $34.97 and its 200 day simple moving average is $36.35. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42. The firm has a market capitalization of $46.51 billion, a P/E ratio of 31.32, a P/E/G ratio of 2.15 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business 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 period in the prior year, the business posted $0.25 earnings per share. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.