Columbia Asset Management Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Columbia Asset Management increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 46.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,454 shares of the restaurant operator’s stock after purchasing an additional 5,894 shares during the quarter. Columbia Asset Management’s holdings in Chipotle Mexican Grill were worth $1,113,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $31,000. Sound Income Strategies LLC lifted its holdings in shares of Chipotle Mexican Grill by 1,110.0% in 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 in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CMG. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Raymond James dropped their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Evercore ISI upped their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler dropped their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price objective for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $51.67 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The business’s 50 day simple moving average is $53.58 and its two-hundred day simple moving average is $57.50. The stock has a market capitalization of $70.03 billion, a P/E ratio of 46.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results 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 net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.