Advisors Asset Management Inc. Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Advisors Asset Management Inc. lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 56,910 shares of the restaurant operator's stock after acquiring an additional 10,056 shares during the quarter. Advisors Asset Management Inc.'s holdings in Chipotle Mexican Grill were worth $3,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $31,000. Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after acquiring an additional 555 shares during the period. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $37,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $50,000. Institutional investors own 91.31% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Citigroup upped their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their target price on 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. Morgan Stanley raised Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Finally, Barclays cut their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.67.

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Chipotle Mexican Grill Stock Down 0.2 %

CMG stock traded down $0.11 during trading on Tuesday, reaching $49.49. The company's stock had a trading volume of 11,340,235 shares, compared to its average volume of 12,222,460. The company's fifty day moving average is $54.40 and its 200-day moving average is $57.70. The company has a market capitalization of $67.08 billion, a P/E ratio of 44.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.