Rafferty Asset Management LLC Purchases 13,934 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Rafferty Asset Management LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,681 shares of the restaurant operator's stock after buying an additional 13,934 shares during the quarter. Rafferty Asset Management LLC's holdings in Chipotle Mexican Grill were worth $7,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMG. Park Avenue Securities LLC raised its stake in shares of Chipotle Mexican Grill by 16.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,472 shares of the restaurant operator's stock valued at $1,958,000 after purchasing an additional 4,497 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Chipotle Mexican Grill by 18.9% during the fourth quarter. Ritholtz Wealth Management now owns 8,274 shares of the restaurant operator's stock worth $499,000 after buying an additional 1,316 shares in the last quarter. Procyon Advisors LLC grew its holdings in shares of Chipotle Mexican Grill by 14.7% during the fourth quarter. Procyon Advisors LLC now owns 5,950 shares of the restaurant operator's stock worth $359,000 after buying an additional 762 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in Chipotle Mexican Grill by 58.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,961 shares of the restaurant operator's stock valued at $480,000 after buying an additional 2,926 shares during the last quarter. Finally, Merit Financial Group LLC lifted its stake in Chipotle Mexican Grill by 20.8% in the 4th quarter. Merit Financial Group LLC now owns 44,996 shares of the restaurant operator's stock valued at $2,713,000 after acquiring an additional 7,740 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMG. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Evercore ISI lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, TD Securities reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Nine research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.74.

Chipotle Mexican Grill Stock Down 1.2%

Shares of CMG stock traded down $0.64 during trading hours on Wednesday, reaching $50.84. The company's stock had a trading volume of 11,211,563 shares, compared to its average volume of 13,523,734. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The firm's 50 day simple moving average is $49.82 and its 200-day simple moving average is $55.35. The company has a market capitalization of $68.49 billion, a price-to-earnings ratio of 45.79, a PEG ratio of 2.04 and a beta of 1.11.

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, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $13.37 earnings per share. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.