Stonebrook Private Inc. Buys 5,270 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Stonebrook Private Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 48.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,106 shares of the restaurant operator's stock after acquiring an additional 5,270 shares during the quarter. Stonebrook Private Inc.'s holdings in Chipotle Mexican Grill were worth $971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its holdings in Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after acquiring an additional 176 shares during the period. Traynor Capital Management Inc. raised its position in Chipotle Mexican Grill by 2.5% in the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after acquiring an additional 181 shares during the period. BTC Capital Management Inc. raised its position in Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after acquiring an additional 184 shares during the period. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the period. Finally, Confluence Wealth Services Inc. raised its position in Chipotle Mexican Grill by 4.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock worth $310,000 after acquiring an additional 218 shares during the period. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Wedbush dropped their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a research report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.74.

Chipotle Mexican Grill Stock Performance

CMG traded down $0.64 during midday trading on Wednesday, hitting $50.84. The stock had a trading volume of 11,211,563 shares, compared to its average volume of 13,523,734. The company has a market cap of $68.49 billion, a P/E ratio of 45.79, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The business has a fifty day moving average of $49.82 and a 200 day moving average of $55.35. 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 earnings per share (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 analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $13.37 earnings per share. On average, equities research analysts anticipate 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.