Lakeshore Capital Group Inc. Purchases New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lakeshore Capital Group Inc. bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,970 shares of the restaurant operator's stock, valued at approximately $722,000.

Other institutional investors have also modified their holdings of the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Sound Income Strategies LLC raised its holdings 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 valued at $36,000 after buying an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill in the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at $50,000. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded down $0.35 during mid-day trading on Thursday, reaching $49.72. 7,986,163 shares of the company's stock traded hands, compared to its average volume of 13,501,213. The business has a 50-day simple moving average of $50.02 and a 200 day simple moving average of $55.08. The stock has a market cap of $66.99 billion, a P/E ratio of 44.79, a PEG 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.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during 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 revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $13.37 EPS. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CMG shares. Loop Capital lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. TD Securities decreased their price target 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. Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a research report on Friday, April 25th. Barclays reduced their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $61.60.

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.