Mindset Wealth Management LLC Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mindset Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,800 shares of the restaurant operator’s stock after acquiring an additional 1,250 shares during the period. Mindset Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the fourth quarter valued at $31,000. Sound Income Strategies LLC increased its stake in 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 valued at $36,000 after acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the third quarter valued at $37,000. Financial Life Planners bought a new position in Chipotle Mexican Grill in the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $49.00 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26. The firm’s fifty day moving average is $54.69 and its 200 day moving average is $57.71. The stock has a market cap of $66.41 billion, a price-to-earnings ratio of 44.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Barclays dropped their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped 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. Finally, Citigroup increased their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. 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 data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.67.

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.