Silvercrest Asset Management Group LLC Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Chipotle Mexican Grill by 25.8% in the fourth quarter. Royal Bank of Canada now owns 6,678,977 shares of the restaurant operator's stock worth $402,742,000 after buying an additional 1,370,735 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in Chipotle Mexican Grill by 12.4% in the fourth quarter. Rafferty Asset Management LLC now owns 126,681 shares of the restaurant operator's stock worth $7,639,000 after buying an additional 13,934 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth approximately $3,608,000. Redwood Financial Network Corp boosted its stake in Chipotle Mexican Grill by 13.7% in the fourth quarter. Redwood Financial Network Corp now owns 3,981 shares of the restaurant operator's stock worth $240,000 after buying an additional 481 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth approximately $7,549,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.2%

Shares of NYSE:CMG traded down $0.11 on Friday, hitting $50.67. 9,334,053 shares of the company traded hands, compared to its average volume of 13,536,049. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The stock has a 50 day simple moving average of $49.92 and a 200-day simple moving average of $55.21. The company has a market cap of $68.27 billion, a PE ratio of 45.64, a PEG 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 for the quarter, beating 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 the consensus estimate of $2.98 billion. During the same period last year, the company earned $13.37 earnings per share. The company's revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Truist Financial dropped their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wedbush dropped their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.74.

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.