Silvercrest Asset Management Group LLC Acquires 5,313 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Silvercrest Asset Management Group LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,031 shares of the restaurant operator's stock after purchasing an additional 5,313 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Chipotle Mexican Grill were worth $4,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Royal Bank of Canada increased its holdings in Chipotle Mexican Grill by 25.8% in the 4th quarter. Royal Bank of Canada now owns 6,678,977 shares of the restaurant operator's stock worth $402,742,000 after acquiring an additional 1,370,735 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in Chipotle Mexican Grill by 12.4% in the 4th quarter. Rafferty Asset Management LLC now owns 126,681 shares of the restaurant operator's stock worth $7,639,000 after acquiring an additional 13,934 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $3,608,000. Redwood Financial Network Corp increased its holdings in Chipotle Mexican Grill by 13.7% in the 4th quarter. Redwood Financial Network Corp now owns 3,981 shares of the restaurant operator's stock worth $240,000 after acquiring an additional 481 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $7,549,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research analyst reports. Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price objective for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. UBS Group cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Robert W. Baird cut their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. TD Securities cut their price objective 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. Finally, Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Nine 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 stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus target price of $61.74.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $52.27 on Tuesday. The stock has a fifty day moving average price of $49.77 and a 200 day moving average price of $55.38. The stock has a market cap of $70.43 billion, a PE ratio of 47.08, 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.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the previous year, the firm posted $13.37 earnings per share. Chipotle Mexican Grill's revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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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