SVB Wealth LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 96.9% during the fourth quarter, HoldingsChannel reports. The fund owned 42,192 shares of the restaurant operator’s stock after acquiring an additional 20,760 shares during the quarter. SVB Wealth LLC’s holdings in Chipotle Mexican Grill were worth $1,561,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in CMG. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $25,000. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $25,000. Murphy & Mullick Capital Management Corp increased its stake in shares of Chipotle Mexican Grill by 106.7% during the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 400 shares during the period. Winthrop Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $31,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $32,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.
Chipotle Mexican Grill Stock Performance
Shares of CMG opened at $31.94 on Tuesday. The company has a market capitalization of $40.97 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.09 and a beta of 1.03. The company’s 50 day simple moving average is $33.90 and its 200 day simple moving average is $35.57. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CMG. Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Guggenheim dropped their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. Finally, TD Cowen reissued a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.
Check Out Our Latest Report on CMG
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.
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