Waverly Advisors LLC Acquires Shares of 21,723 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Waverly Advisors LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,723 shares of the restaurant operator's stock, valued at approximately $1,310,000.

A number of other large investors have also recently modified their holdings of CMG. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Chipotle Mexican Grill by 4,138,574.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after acquiring an additional 8,318,534 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $315,220,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CMG. Truist Financial dropped 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 research note on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada lowered their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Barclays reduced their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Nine equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.74.

Chipotle Mexican Grill Trading Down 0.1%

CMG stock opened at $50.75 on Friday. The firm has a market cap of $68.38 billion, a PE ratio of 45.71, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The stock has a 50-day moving average price of $49.86 and a 200-day moving average price of $55.28. 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 released 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. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter last year, the firm posted $13.37 earnings per share. The firm's revenue was up 6.4% on a year-over-year basis. On average, analysts forecast 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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