Chipotle Mexican Grill, Inc. $CMG Shares Bought by Spire Wealth Management

Spire Wealth Management grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 75.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,344 shares of the restaurant operator’s stock after acquiring an additional 18,651 shares during the quarter. Spire Wealth Management’s holdings in Chipotle Mexican Grill were worth $1,604,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Revolve Wealth Partners LLC lifted its holdings in 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 valued at $290,000 after purchasing an additional 214 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $224,000. Empowered Funds LLC grew its holdings in shares of Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after buying an additional 1,368 shares in the last quarter. Level Four Advisory Services LLC raised its position in shares of Chipotle Mexican Grill by 9.4% in the second quarter. Level Four Advisory Services LLC now owns 7,568 shares of the restaurant operator’s stock valued at $425,000 after buying an additional 648 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Chipotle Mexican Grill by 30.6% in the second quarter. Mackenzie Financial Corp now owns 244,893 shares of the restaurant operator’s stock valued at $13,751,000 after buying an additional 57,362 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. Evercore restated an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $48.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Raymond James Financial lifted their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.13.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $31.18 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The firm has a 50 day moving average price of $36.52 and a 200 day moving average price of $36.87. The company has a market cap of $40.61 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.89 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.