Burling Wealth Partners LLC Acquires New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Burling Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,749 shares of the restaurant operator's stock, valued at approximately $588,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its position in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after acquiring an additional 176 shares during the last quarter. Traynor Capital Management Inc. boosted its position in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after purchasing an additional 181 shares during the period. BTC Capital Management Inc. increased its holdings in Chipotle Mexican Grill by 1.9% in the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after purchasing an additional 184 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% in the fourth 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 during the period. Finally, Confluence Wealth Services Inc. lifted its stake in Chipotle Mexican Grill by 4.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock worth $310,000 after purchasing an additional 218 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 4.8 %

CMG traded up $2.39 during trading on Friday, hitting $51.93. 26,657,351 shares of the stock were exchanged, compared to its average volume of 13,469,142. The firm has a market capitalization of $70.38 billion, a P/E ratio of 46.78, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The stock has a fifty day moving average price of $50.11 and a two-hundred day moving average price of $56.28.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. KeyCorp dropped their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group cut their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday. Stephens reduced their price target on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday. Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Morgan Stanley reduced their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $61.78.

Chipotle Mexican Grill Company 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.