Lido Advisors LLC Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lido Advisors LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,549 shares of the restaurant operator's stock after purchasing an additional 11,749 shares during the quarter. Lido Advisors LLC's holdings in Chipotle Mexican Grill were worth $5,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after buying an additional 1,438,860 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Chipotle Mexican Grill by 32.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,922,603 shares of the restaurant operator's stock worth $115,933,000 after acquiring an additional 470,626 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Chipotle Mexican Grill by 580.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,309,911 shares of the restaurant operator's stock valued at $78,988,000 after acquiring an additional 1,117,291 shares during the last quarter. NZS Capital LLC lifted its stake in Chipotle Mexican Grill by 5.0% during the fourth quarter. NZS Capital LLC now owns 451,628 shares of the restaurant operator's stock worth $27,233,000 after purchasing an additional 21,496 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Chipotle Mexican Grill by 93.4% in the 4th quarter. Quarry LP now owns 2,358 shares of the restaurant operator's stock worth $142,000 after purchasing an additional 1,139 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $1.26 during mid-day trading on Friday, hitting $51.58. 9,055,307 shares of the stock traded hands, compared to its average volume of 13,473,771. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 2.04 and a beta of 1.27. The stock has a fifty day moving average price of $49.95 and a 200-day moving average price of $55.99. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $13.37 EPS. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CMG shares. Morgan Stanley dropped their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Truist Financial cut their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Stephens decreased their price objective on Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.