Farther Finance Advisors LLC Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Farther Finance Advisors LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 43.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,521 shares of the restaurant operator’s stock after buying an additional 5,960 shares during the period. Farther Finance Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,177,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CMG. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth $31,000. Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% in the 4th 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 period. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $37,000. Financial Life Planners bought a new position in Chipotle Mexican Grill in the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill in the 4th quarter worth $50,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $48.70 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The firm has a market capitalization of $66.00 billion, a P/E ratio of 43.87, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company’s 50-day moving average is $55.63 and its 200 day moving average is $57.94.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company dropped their target price 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. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Citigroup increased their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Oppenheimer increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.60.

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.