Wellington Shields & Co. LLC Buys 4,000 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wellington Shields & Co. LLC increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 45.5% during the 4th quarter, Holdings Channel reports. The firm owned 12,800 shares of the restaurant operator’s stock after buying an additional 4,000 shares during the period. Wellington Shields & Co. LLC’s holdings in Chipotle Mexican Grill were worth $772,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC lifted its holdings in shares of 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 purchasing an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $37,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $50,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $50.12 on Friday. The firm’s 50 day moving average price is $55.43 and its 200-day moving average price is $57.91. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The company has a market cap of $67.93 billion, a PE ratio of 45.14, a P/E/G ratio of 2.04 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their price target for the stock from $58.00 to $65.00 in a research note on Friday. Finally, Citigroup boosted their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Eight research 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.85.

Chipotle Mexican Grill Profile

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.