Ashton Thomas Private Wealth LLC Purchases Shares of 6,062 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ashton Thomas Private Wealth LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,062 shares of the restaurant operator’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Callan Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $2,604,000. E Fund Management Co. Ltd. raised its holdings in shares of Chipotle Mexican Grill by 3.6% in the 4th quarter. E Fund Management Co. Ltd. now owns 13,301 shares of the restaurant operator’s stock valued at $802,000 after acquiring an additional 462 shares in the last quarter. Candriam S.C.A. raised its holdings in shares of Chipotle Mexican Grill by 3.4% in the 4th quarter. Candriam S.C.A. now owns 96,720 shares of the restaurant operator’s stock valued at $5,832,000 after acquiring an additional 3,170 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of Chipotle Mexican Grill by 5.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 50,832 shares of the restaurant operator’s stock valued at $3,065,000 after acquiring an additional 2,408 shares in the last quarter. Finally, Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CMG. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Truist Financial increased their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Piper Sandler reduced their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $66.60.

Chipotle Mexican Grill Stock Down 0.7 %

CMG opened at $49.86 on Tuesday. The stock has a market cap of $67.57 billion, a PE ratio of 44.91, a PEG ratio of 2.04 and a beta of 1.27. The business has a 50 day moving average of $56.26 and a 200-day moving average of $58.09. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

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

Chipotle Mexican Grill Company 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.