NEOS Investment Management LLC Has $1.91 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

NEOS Investment Management LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,601 shares of the restaurant operator’s stock after buying an additional 7,463 shares during the period. NEOS Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $31,000. Sound Income Strategies LLC increased its position 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 worth $36,000 after buying an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $50,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 2.0 %

Shares of Chipotle Mexican Grill stock opened at $49.91 on Friday. The firm’s 50 day moving average is $53.81 and its 200 day moving average is $57.54. The firm has a market capitalization of $67.64 billion, a PE ratio of 44.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the subject of several research reports. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their price target for the company from $58.00 to $65.00 in a report on Friday, March 14th. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Raymond James cut their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Finally, Citigroup upped their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Eight equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

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.