Arete Wealth Advisors LLC Has $575,000 Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Arete Wealth Advisors LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 36.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,534 shares of the restaurant operator’s stock after buying an additional 2,566 shares during the period. Arete Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at $31,000. Sound Income Strategies LLC grew 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 worth $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter worth about $50,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Raymond James reduced their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Finally, Oppenheimer boosted their target price 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 investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $47.29 on Friday. The business’s 50-day simple moving average is $53.16 and its 200-day simple moving average is $57.33. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.78 and a fifty-two week high of $69.26. The stock has a market capitalization of $64.09 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate 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, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.