Ashton Thomas Securities LLC Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ashton Thomas Securities LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,580 shares of the restaurant operator’s stock after buying an additional 480 shares during the period. Ashton Thomas Securities LLC’s holdings in Chipotle Mexican Grill were worth $577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $31,000. Sound Income Strategies LLC lifted its stake in 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 valued at $36,000 after acquiring an additional 555 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at $37,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $50,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.2 %

CMG opened at $49.49 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The firm has a market capitalization of $67.08 billion, a PE ratio of 44.58, a PEG ratio of 2.04 and a beta of 1.27. The firm’s 50-day moving average price is $54.26 and its 200 day moving average price is $57.67.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. KeyCorp lowered their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Raymond James dropped their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Stifel Nicolaus decreased their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price objective for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Eight 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.67.

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.