Mercer Global Advisors Inc. ADV lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,887 shares of the restaurant operator's stock after purchasing an additional 66,675 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Chipotle Mexican Grill were worth $11,812,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $31,000. Sound Income Strategies LLC boosted its stake in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $38,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 91.31% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on CMG. Truist Financial lowered their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Stephens lowered their target price on Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Barclays cut their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. TD Securities lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Loop Capital dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.74.
Read Our Latest Report on CMG
Chipotle Mexican Grill Price Performance
Shares of NYSE CMG opened at $51.58 on Friday. The firm's 50-day moving average is $49.95 and its two-hundred day moving average is $56.01. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The company has a market capitalization of $69.50 billion, a PE ratio of 46.46, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.
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. 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 analysts' expectations of $2.98 billion. During the same quarter in the prior year, the firm earned $13.37 EPS. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.
About Chipotle Mexican Grill
(
Free Report)
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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