Advisory Services Network LLC Grows Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Advisory Services Network LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 49.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,043 shares of the restaurant operator's stock after buying an additional 11,902 shares during the period. Advisory Services Network LLC's holdings in Chipotle Mexican Grill were worth $2,173,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Greenland Capital Management LP acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $2,496,000. Shelton Capital Management increased its position in Chipotle Mexican Grill by 1.5% in the 4th quarter. Shelton Capital Management now owns 165,381 shares of the restaurant operator's stock valued at $9,972,000 after acquiring an additional 2,500 shares during the period. Rathbones Group PLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $208,000. Twin Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 181.2% during the fourth quarter. Twin Capital Management Inc. now owns 35,019 shares of the restaurant operator's stock worth $2,112,000 after purchasing an additional 22,566 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Chipotle Mexican Grill by 4.5% in the fourth quarter. Cerity Partners LLC now owns 597,654 shares of the restaurant operator's stock worth $35,802,000 after purchasing an additional 25,916 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Up 0.0 %

CMG stock traded up $0.02 during mid-day trading on Wednesday, reaching $48.82. 2,218,825 shares of the company traded hands, compared to its average volume of 12,571,951. The stock has a market cap of $66.17 billion, a price-to-earnings ratio of 43.98, a P/E/G ratio of 2.04 and a beta of 1.27. The firm's 50 day moving average price is $51.45 and its 200 day moving average price is $56.77. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

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

Analyst Upgrades and Downgrades

CMG has been the topic of several recent research reports. Oppenheimer lifted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Wedbush cut their price objective on 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. Stephens decreased their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Piper Sandler dropped their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $65.42.

About Chipotle Mexican Grill

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.