Klein Pavlis & Peasley Financial Inc. Buys New Holdings in Chipotle Mexican Grill, Inc. $CMG

Klein Pavlis & Peasley Financial Inc. bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 43,173 shares of the restaurant operator’s stock, valued at approximately $1,597,000.

A number of other institutional investors have also recently bought and sold shares of CMG. Spire Wealth Management increased its holdings in Chipotle Mexican Grill by 75.5% in the 4th quarter. Spire Wealth Management now owns 43,344 shares of the restaurant operator’s stock valued at $1,604,000 after buying an additional 18,651 shares during the period. Cypress Wealth Services LLC raised its stake in shares of Chipotle Mexican Grill by 35.5% in the 4th quarter. Cypress Wealth Services LLC now owns 7,617 shares of the restaurant operator’s stock valued at $282,000 after buying an additional 1,996 shares in the last quarter. LVW Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 6.0% during the 4th quarter. LVW Advisors LLC now owns 7,231 shares of the restaurant operator’s stock worth $268,000 after acquiring an additional 407 shares during the period. USA Financial Formulas acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $75,000. Finally, Bell Bank acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $542,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 4.1%

NYSE:CMG opened at $30.85 on Friday. The firm has a market cap of $40.18 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The company’s 50-day moving average price is $36.70 and its two-hundred day moving average price is $36.94.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business posted $0.25 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of several recent research reports. Citigroup increased their price target on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Truist Financial lifted their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research note on Monday, December 29th. Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Finally, Piper Sandler cut their target price on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.47.

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.