Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Raised by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 36.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,534 shares of the restaurant operator’s stock after acquiring an additional 2,566 shares during the period. Arete Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMG. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at about $31,000. Sound Income Strategies LLC increased its holdings 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 worth $36,000 after buying an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $38,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter worth approximately $50,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 5.6 %

NYSE CMG opened at $47.29 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $46.78 and a twelve month high of $69.26. The stock has a market cap of $64.09 billion, a P/E ratio of 42.59, a PEG ratio of 2.04 and a beta of 1.27. The company’s 50-day simple moving average is $53.16 and its 200 day simple moving average is $57.33.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $65.00 in a research note on Friday, March 14th. Piper Sandler reduced their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. KeyCorp lowered their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Stephens reduced their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.38.

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.