SlateStone Wealth LLC Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

SlateStone Wealth LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,196 shares of the restaurant operator’s stock after purchasing an additional 235 shares during the period. SlateStone Wealth LLC’s holdings in Chipotle Mexican Grill were worth $434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. United Bank grew its stake in Chipotle Mexican Grill by 13.7% during the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after buying an additional 4,451 shares during the last quarter. Harbour Investments Inc. grew its stake in Chipotle Mexican Grill by 25.7% during the 3rd quarter. Harbour Investments Inc. now owns 4,217 shares of the restaurant operator’s stock worth $243,000 after buying an additional 863 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in Chipotle Mexican Grill by 2.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 16,864 shares of the restaurant operator’s stock worth $972,000 after buying an additional 418 shares during the last quarter. CIBC Asset Management Inc grew its stake in Chipotle Mexican Grill by 8.0% during the 3rd quarter. CIBC Asset Management Inc now owns 199,610 shares of the restaurant operator’s stock worth $11,502,000 after buying an additional 14,868 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth $237,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 2.8 %

Shares of Chipotle Mexican Grill stock opened at $50.12 on Monday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The business has a 50-day moving average price of $55.43 and a 200 day moving average price of $57.94. The firm 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 posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

CMG has been the topic of several research analyst reports. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Stephens lowered their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group lifted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Finally, Oppenheimer lifted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.85.

Chipotle Mexican Grill Company 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.