Douglass Winthrop Advisors LLC Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Douglass Winthrop Advisors LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2,111.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 112,799 shares of the restaurant operator's stock after acquiring an additional 107,699 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in Chipotle Mexican Grill were worth $6,802,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $31,000. Sound Income Strategies LLC increased its position in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after buying an additional 555 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $37,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the topic of several research analyst reports. Evercore ISI upped their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, December 16th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Citigroup boosted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Finally, Barclays lowered their target price on shares of 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. Eight research 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's stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average target price of $66.67.

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Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock traded down $0.11 during trading hours on Tuesday, reaching $49.49. The company had a trading volume of 11,348,955 shares, compared to its average volume of 13,047,992. Chipotle Mexican Grill, Inc. has a 12-month low of $47.55 and a 12-month high of $69.26. The company has a 50-day moving average price of $54.40 and a 200 day moving average price of $57.70. The firm has a market cap of $67.08 billion, a price-to-earnings ratio of 44.58, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 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%. As a group, research analysts expect 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.