Chipotle Mexican Grill, Inc. $CMG Shares Acquired by IFP Advisors Inc

IFP Advisors Inc grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 31.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,488 shares of the restaurant operator’s stock after acquiring an additional 15,270 shares during the period. IFP Advisors Inc’s holdings in Chipotle Mexican Grill were worth $2,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after acquiring an additional 18,660,882 shares in the last quarter. Capital World Investors grew its stake in shares of Chipotle Mexican Grill by 122.7% in the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after acquiring an additional 48,398,628 shares in the last quarter. Capital International Investors grew its stake in shares of Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after acquiring an additional 11,471,658 shares in the last quarter. Sustainable Growth Advisers LP grew its stake in shares of Chipotle Mexican Grill by 17.5% in the third quarter. Sustainable Growth Advisers LP now owns 12,495,638 shares of the restaurant operator’s stock worth $489,704,000 after acquiring an additional 1,862,855 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Chipotle Mexican Grill by 24.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock worth $448,084,000 after acquiring an additional 2,265,122 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.1%

Chipotle Mexican Grill stock opened at $32.84 on Friday. The stock has a market cap of $42.13 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The company has a fifty day simple moving average of $33.32 and a 200-day simple moving average of $35.22. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the company earned $0.29 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane lifted their price objective on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings cut shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Barclays decreased their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.

About Chipotle Mexican Grill

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.