Orion Portfolio Solutions LLC Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Orion Portfolio Solutions LLC grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,053 shares of the restaurant operator’s stock after purchasing an additional 12,766 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Chipotle Mexican Grill were worth $5,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Broadway Wealth Solutions Inc. bought a new stake in Chipotle Mexican Grill in the 4th quarter worth $282,000. X Square Capital LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.0% during the fourth quarter. X Square Capital LLC now owns 50,118 shares of the restaurant operator’s stock worth $3,022,000 after purchasing an additional 474 shares during the period. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Caisse Des Depots ET Consignations bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $6,541,000. Finally, Blair William & Co. IL increased its holdings in Chipotle Mexican Grill by 3.3% during the 4th quarter. Blair William & Co. IL now owns 2,403,659 shares of the restaurant operator’s stock valued at $144,941,000 after purchasing an additional 77,719 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $49.91 on Friday. The firm has a market cap of $67.64 billion, a price-to-earnings ratio of 44.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business has a 50-day simple moving average of $53.81 and a two-hundred day simple moving average of $57.56. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26.

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

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. Citigroup increased their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price target for the company from $58.00 to $65.00 in a report on Friday, March 14th. Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.67.

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.