Vident Advisory LLC Buys 189,652 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vident Advisory LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 78.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 431,092 shares of the restaurant operator's stock after purchasing an additional 189,652 shares during the quarter. Vident Advisory LLC's holdings in Chipotle Mexican Grill were worth $25,995,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Golden State Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $371,000. Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock worth $900,000 after purchasing an additional 9,070 shares during the period. Vinva Investment Management Ltd raised its stake in shares of Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after purchasing an additional 21,864 shares during the period. Finally, Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $715,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Down 0.1%

Shares of Chipotle Mexican Grill stock traded down $0.04 during trading hours on Thursday, reaching $50.75. 9,735,182 shares of the stock traded hands, compared to its average volume of 13,526,418. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The company has a 50 day moving average price of $49.84 and a 200 day moving average price of $55.32. The firm has a market capitalization of $68.38 billion, a price-to-earnings ratio of 45.71, a P/E/G ratio of 2.04 and a beta of 1.11.

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, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the firm posted $13.37 EPS. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CMG shares. Royal Bank of Canada lowered their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Stephens restated an "equal weight" rating and issued a $49.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Finally, Piper Sandler lowered their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.74.

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.