Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Boosted by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 306,201 shares of the restaurant operator's stock after acquiring an additional 6,905 shares during the period. Congress Wealth Management LLC DE's holdings in Chipotle Mexican Grill were worth $18,464,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Sanford C. Bernstein reiterated an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Finally, Truist Financial boosted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $66.67.

Remove Ads

Chipotle Mexican Grill Trading Up 0.8 %

NYSE:CMG traded up $0.39 during mid-day trading on Wednesday, reaching $49.90. 7,456,159 shares of the stock were exchanged, compared to its average volume of 13,014,528. The business has a fifty day moving average price of $54.26 and a 200 day moving average price of $57.67. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26. The firm has a market capitalization of $67.62 billion, a PE ratio of 44.93, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.