ProShare Advisors LLC Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

ProShare Advisors LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,415 shares of the restaurant operator's stock after purchasing an additional 24,963 shares during the quarter. ProShare Advisors LLC's holdings in Chipotle Mexican Grill were worth $12,145,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $31,000. Sound Income Strategies LLC raised its stake in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 1.6%

Chipotle Mexican Grill stock traded down $0.82 during midday trading on Tuesday, hitting $51.45. The stock had a trading volume of 8,582,273 shares, compared to its average volume of 13,519,258. The firm's fifty day moving average is $49.77 and its two-hundred day moving average is $55.38. The company has a market capitalization of $69.32 billion, a PE ratio of 46.34, a P/E/G ratio of 2.04 and a beta of 1.11. 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 released 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 net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the firm posted $13.37 EPS. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMG has been the topic of several recent analyst reports. Barclays cut their target price on shares of 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. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. JPMorgan Chase & Co. cut their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. UBS Group cut their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Stephens reiterated an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, May 7th. Nine equities 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. According to data from MarketBeat.com, the company has a consensus 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.