Focus Partners Wealth Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Focus Partners Wealth increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 192.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,821 shares of the restaurant operator's stock after purchasing an additional 147,215 shares during the quarter. Focus Partners Wealth's holdings in Chipotle Mexican Grill were worth $13,505,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CMG. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $31,000. Sound Income Strategies LLC increased its position in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $38,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 0.5%

CMG traded up $0.28 during mid-day trading on Friday, hitting $52.32. 10,833,771 shares of the stock were exchanged, compared to its average volume of 13,553,813. The firm's fifty day moving average is $49.68 and its two-hundred day moving average is $55.48. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The company has a market cap of $70.49 billion, a PE ratio of 47.12, a PEG ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted 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. 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 for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company earned $13.37 EPS. Chipotle Mexican Grill's revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. KeyCorp dropped their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Royal Bank of Canada dropped 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. Stephens restated an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, May 7th. 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 report on Thursday, April 24th. Finally, Raymond James dropped their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.