Cary Street Partners Financial LLC Invests $1.83 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cary Street Partners Financial LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,420 shares of the restaurant operator's stock, valued at approximately $1,834,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Sound Income Strategies LLC boosted its stake in 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 worth $36,000 after buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $38,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

CMG stock traded down $1.68 during trading on Friday, reaching $49.77. The company had a trading volume of 16,053,658 shares, compared to its average volume of 13,489,504. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The company has a market cap of $67.06 billion, a price-to-earnings ratio of 44.83, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The firm has a 50-day simple moving average of $49.67 and a 200-day simple moving average of $55.71.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $13.37 earnings per share. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMG. Morgan Stanley decreased their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Stephens reissued an "equal weight" rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday. KeyCorp reduced their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average price target of $61.74.

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.