Wellington Shields & Co. LLC Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wellington Shields & Co. LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 45.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,800 shares of the restaurant operator’s stock after purchasing an additional 4,000 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Chipotle Mexican Grill were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $371,000. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $315,220,000. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after acquiring an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $715,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after acquiring an additional 48,126 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMG. Piper Sandler reduced their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Evercore ISI upped their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Barclays reduced their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Stephens reduced their price objective 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. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.85.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $50.12 on Friday. The business’s fifty day moving average is $55.43 and its 200 day moving average is $57.91. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The company has a market capitalization of $67.93 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.