Mariner LLC Has $24.90 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mariner LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 19.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 413,004 shares of the restaurant operator's stock after acquiring an additional 66,184 shares during the period. Mariner LLC's holdings in Chipotle Mexican Grill were worth $24,903,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $31,000. Sound Income Strategies LLC raised its holdings in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after buying an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $38,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 0.1 %

Shares of CMG stock traded up $0.05 on Friday, hitting $48.13. The stock had a trading volume of 9,352,505 shares, compared to its average volume of 13,408,265. The firm has a market cap of $65.24 billion, a P/E ratio of 43.36, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The company has a fifty day moving average price of $50.92 and a two-hundred day moving average price of $56.57.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly 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 return on equity of 42.92% and a net margin of 13.56%. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMG. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their target price for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Robert W. Baird reduced their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Loop Capital raised Chipotle Mexican Grill from a "hold" rating to a "buy" rating and raised their price target for the company from $58.00 to $65.00 in a report on Friday, March 14th. Finally, KeyCorp decreased their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus 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.