Davis R M Inc. Buys 653 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Davis R M Inc. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,653 shares of the restaurant operator’s stock after purchasing an additional 653 shares during the quarter. Davis R M Inc.’s holdings in Chipotle Mexican Grill were worth $401,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $31,000. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $33,000. Sound Income Strategies LLC grew its holdings in shares of 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 in the last quarter. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $37,000. Finally, Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $45,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $49.99 on Wednesday. The stock has a market capitalization of $67.76 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The stock has a fifty day moving average of $56.05 and a 200-day moving average of $58.06.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping 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 research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMG. 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. Oppenheimer lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus dropped their price target on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Evercore ISI lifted their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Nine 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. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.60.

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.