Elk River Wealth Management LLC Has $7.60 Million Position in Chipotle Mexican Grill, Inc. $CMG

Elk River Wealth Management LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 190.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 205,445 shares of the restaurant operator’s stock after acquiring an additional 134,605 shares during the period. Chipotle Mexican Grill accounts for 1.0% of Elk River Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. Elk River Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $7,601,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CMG. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $25,000. Murphy & Mullick Capital Management Corp raised its stake in Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Winthrop Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $31,000. Finally, Ameriflex Group Inc. raised its stake in Chipotle Mexican Grill by 109.4% during the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 465 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on CMG shares. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Guggenheim lowered their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Telsey Advisory Group lowered their price target on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Stock Down 0.3%

Chipotle Mexican Grill stock opened at $32.95 on Thursday. The company’s fifty day simple moving average is $33.38 and its 200-day simple moving average is $35.22. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The stock has a market cap of $42.27 billion, a P/E ratio of 30.23, a P/E/G ratio of 2.13 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.