Focus Partners Advisor Solutions LLC Has $605,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Focus Partners Advisor Solutions LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 155.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,025 shares of the restaurant operator's stock after acquiring an additional 6,101 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Chipotle Mexican Grill were worth $605,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CMG. Golden State Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $371,000. Raymond James Financial Inc. acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $315,220,000. U.S. Capital Wealth Advisors LLC grew its holdings in Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after buying an additional 9,070 shares during the last quarter. Vinva Investment Management Ltd grew its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after buying an additional 21,864 shares during the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $715,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMG. Royal Bank of Canada decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Stephens restated an "equal weight" rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, May 7th. Finally, Truist Financial cut their target price on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $61.74.

Chipotle Mexican Grill Stock Up 0.7%

Shares of Chipotle Mexican Grill stock traded up $0.36 on Tuesday, hitting $50.99. The stock had a trading volume of 11,466,612 shares, compared to its average volume of 13,527,839. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The business's 50 day moving average is $49.95 and its two-hundred day moving average is $55.15. The stock has a market cap of $68.70 billion, a price-to-earnings ratio of 45.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $13.37 earnings per share. As a group, 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.