Ashton Thomas Private Wealth LLC Acquires Shares of 6,062 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ashton Thomas Private Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,062 shares of the restaurant operator’s stock, valued at approximately $366,000.

Other large investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $31,000. Transcendent Capital Group LLC raised its stake in Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Chipotle Mexican Grill during the third quarter valued at $33,000. Sound Income Strategies LLC raised its stake in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at $37,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research analyst reports. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Wedbush decreased their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Finally, Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

Chipotle Mexican Grill Stock Down 0.7 %

Shares of CMG opened at $49.86 on Tuesday. The business has a 50-day simple moving average of $56.26 and a two-hundred day simple moving average of $58.09. The stock has a market cap of $67.57 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.