Personal CFO Solutions LLC Purchases New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Personal CFO Solutions LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,222 shares of the restaurant operator’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CMG. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $33,000. CWA Asset Management Group LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $719,000. United Bank grew its stake in Chipotle Mexican Grill by 13.7% in the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after buying an additional 4,451 shares during the last quarter. Atria Investments Inc grew its stake in Chipotle Mexican Grill by 24.1% in the 3rd quarter. Atria Investments Inc now owns 89,160 shares of the restaurant operator’s stock valued at $5,137,000 after buying an additional 17,314 shares during the last quarter. Finally, Transcendent Capital Group LLC grew its stake in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Stephens decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Citigroup increased their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Finally, Barclays decreased their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $66.60.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $49.86 on Tuesday. The company has a market cap of $67.57 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 2.04 and a beta of 1.27. The firm has a 50 day simple moving average of $56.26 and a 200 day simple moving average of $58.09. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

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

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.