Focus Partners Advisor Solutions LLC Purchases 6,101 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Focus Partners Advisor Solutions LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 155.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,025 shares of the restaurant operator's stock after acquiring an additional 6,101 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Chipotle Mexican Grill were worth $605,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CMG. Koshinski Asset Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $228,000. Daymark Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 6.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 4,259 shares of the restaurant operator's stock worth $257,000 after purchasing an additional 259 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Chipotle Mexican Grill by 4.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 443,988 shares of the restaurant operator's stock worth $26,772,000 after purchasing an additional 18,245 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 18.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,857 shares of the restaurant operator's stock worth $112,000 after purchasing an additional 286 shares during the last quarter. Finally, Verde Capital Management raised its position in shares of Chipotle Mexican Grill by 20.3% during the 4th quarter. Verde Capital Management now owns 30,786 shares of the restaurant operator's stock worth $1,856,000 after purchasing an additional 5,200 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

CMG traded up $0.00 during trading on Thursday, reaching $50.07. 3,101,308 shares of the stock traded hands, compared to its average volume of 12,783,263. The stock has a market cap of $67.47 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The stock's 50-day simple moving average is $50.02 and its two-hundred day simple moving average is $55.08.

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

Analyst Ratings Changes

Several analysts have recently issued reports on CMG shares. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their price target for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Stephens reaffirmed an "equal weight" rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, May 7th. Finally, Wedbush decreased their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $61.60.

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.