Spahn Wealth & Retirement LLC Makes New $3.22 Million Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Spahn Wealth & Retirement LLC purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 53,406 shares of the restaurant operator's stock, valued at approximately $3,220,000. Chipotle Mexican Grill accounts for about 2.1% of Spahn Wealth & Retirement LLC's portfolio, making the stock its 19th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $692,701,000. Alliancebernstein L.P. grew its holdings in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $315,220,000. Finally, Clearbridge Investments LLC raised its holdings in Chipotle Mexican Grill by 2,145.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock valued at $191,757,000 after buying an additional 3,038,460 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded down $2.80 during trading on Friday, hitting $47.29. 17,904,945 shares of the company were exchanged, compared to its average volume of 13,317,790. The firm's 50 day moving average price is $53.16 and its 200-day moving average price is $57.33. The stock has a market capitalization of $64.09 billion, a P/E ratio of 42.59, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $46.78 and a 12-month high of $69.26.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CMG shares. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Loop Capital raised Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their target price for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley raised Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.38.

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.