Wealth Enhancement Advisory Services LLC Has $14.84 Million Position in Chipotle Mexican Grill, Inc. $CMG

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 27.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,626 shares of the restaurant operator’s stock after purchasing an additional 82,796 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $14,837,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock worth $4,935,092,000 after acquiring an additional 2,470,213 shares during the last quarter. Capital World Investors boosted its stake in Chipotle Mexican Grill by 122.7% during the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Capital International Investors increased its holdings in Chipotle Mexican Grill by 42.4% during the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after purchasing an additional 11,471,658 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Chipotle Mexican Grill by 1.9% in the second quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock worth $1,859,211,000 after purchasing an additional 606,190 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $1,001,668,000. 91.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMG has been the topic of several analyst reports. TD Cowen reaffirmed a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, March 20th. Zacks Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Mizuho upgraded Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $40.00 in a research note on Friday, March 20th. Truist Financial upped their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Stephens reiterated an “equal weight” rating and issued a $35.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Twenty-four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.47.

Read Our Latest Stock Analysis on Chipotle Mexican Grill

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Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $32.53 on Thursday. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 2.01 and a beta of 1.00. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The firm’s 50-day simple moving average is $37.04 and its two-hundred day simple moving average is $37.05.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. Chipotle Mexican Grill’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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