Focus Partners Wealth Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Focus Partners Wealth grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 192.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 223,821 shares of the restaurant operator’s stock after buying an additional 147,215 shares during the quarter. Focus Partners Wealth’s holdings in Chipotle Mexican Grill were worth $13,505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMG. Norges Bank bought a new stake in Chipotle Mexican Grill in the 4th quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock valued at $501,620,000 after purchasing an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research reports. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Stephens reaffirmed an “equal weight” rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Wedbush dropped their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.74.

Chipotle Mexican Grill Trading Up 2.0%

Shares of CMG stock opened at $50.69 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The stock has a market cap of $68.30 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.04 and a beta of 1.11. The company has a 50 day simple moving average of $49.61 and a two-hundred day simple moving average of $55.60.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $13.37 earnings per share. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.