Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Keystone Financial Group

Keystone Financial Group raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 152.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,298 shares of the restaurant operator's stock after buying an additional 44,853 shares during the period. Keystone Financial Group's holdings in Chipotle Mexican Grill were worth $4,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CMG. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC raised its holdings in 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 acquiring an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $38,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley raised Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $65.00 to $70.00 in a report on Monday, March 3rd. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and lifted their price target for the company from $58.00 to $65.00 in a report on Friday, March 14th. Finally, Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price objective for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average target price of $65.60.

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Chipotle Mexican Grill Trading Down 1.4 %

NYSE:CMG traded down $0.71 during midday trading on Tuesday, hitting $48.75. 9,775,270 shares of the stock were exchanged, compared to its average volume of 13,427,789. The business has a 50-day moving average price of $51.45 and a two-hundred day moving average price of $56.77. The company has a market capitalization of $66.08 billion, a price-to-earnings ratio of 43.91, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26.

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

Chipotle Mexican Grill 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.