NEOS Investment Management LLC Purchases 7,463 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

NEOS Investment Management LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 30.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,601 shares of the restaurant operator's stock after purchasing an additional 7,463 shares during the period. NEOS Investment Management LLC's holdings in Chipotle Mexican Grill were worth $1,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at $31,000. Sound Income Strategies LLC boosted 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 during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth about $38,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill during the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMG has been the subject of several analyst reports. Loop Capital upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and lifted their price target for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Citigroup lifted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Finally, Wedbush cut their target price 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. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $66.67.

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Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $0.23 during mid-day trading on Monday, reaching $50.14. The company's stock had a trading volume of 7,369,573 shares, compared to its average volume of 13,249,596. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26. The business's 50 day simple moving average is $53.81 and its 200 day simple moving average is $57.57. The company has a market capitalization of $67.96 billion, a price-to-earnings ratio of 45.19, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.