Chapman Financial Group LLC Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chapman Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 19,279 shares of the restaurant operator's stock, valued at approximately $1,163,000.

Other large investors have also bought and sold shares of the company. Alliancebernstein L.P. increased its position in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after acquiring an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC raised its position in Chipotle Mexican Grill by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after purchasing an additional 395,053 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after acquiring an additional 166,767 shares during the period. Norges Bank acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $1,093,345,000. Finally, Northern Trust Corp boosted its stake in Chipotle Mexican Grill by 11.1% in the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after acquiring an additional 1,438,860 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Stephens lowered their price target on Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.74.

Chipotle Mexican Grill Trading Up 2.5 %

NYSE:CMG opened at $51.58 on Monday. The stock has a market capitalization of $69.50 billion, a PE ratio of 46.46, a P/E/G ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The firm has a fifty day simple moving average of $49.95 and a 200 day simple moving average of $55.97.

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

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