Cerity Partners LLC Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cerity Partners LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 597,654 shares of the restaurant operator's stock after buying an additional 25,916 shares during the period. Cerity Partners LLC's holdings in Chipotle Mexican Grill were worth $35,802,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMG. Tortoise Investment Management LLC lifted its holdings in Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after buying an additional 176 shares during the period. Traynor Capital Management Inc. boosted its position in shares of Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after purchasing an additional 181 shares in the last quarter. BTC Capital Management Inc. grew its stake in Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares during the period. Revolve Wealth Partners LLC raised its holdings 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 worth $290,000 after purchasing an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its position 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 valued at $310,000 after buying an additional 218 shares during the period. Institutional investors own 91.31% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein restated an "outperform" rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Wedbush cut their price target 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. JPMorgan Chase & Co. lowered their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Barclays cut their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, Robert W. Baird lowered their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a research report on Monday. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.10.

Chipotle Mexican Grill Trading Down 1.6 %

Shares of NYSE CMG traded down $0.79 during trading hours on Friday, reaching $49.48. The stock had a trading volume of 7,326,571 shares, compared to its average volume of 13,397,826. The business's fifty day moving average price is $51.97 and its two-hundred day moving average price is $56.95. The firm has a market cap of $67.06 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-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, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.