Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,201 shares of the restaurant operator’s stock after acquiring an additional 6,905 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Chipotle Mexican Grill were worth $18,464,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after acquiring an additional 438,007 shares during the last quarter. American Century Companies Inc. grew its position in shares of Chipotle Mexican Grill by 0.8% in the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock valued at $1,220,290,000 after purchasing an additional 166,767 shares during the period. Franklin Resources Inc. grew its position in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after purchasing an additional 381,873 shares during the period. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $692,701,000. Finally, Janus Henderson Group PLC grew its position in shares of Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after purchasing an additional 518,521 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $48.52 on Monday. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The company has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, a P/E/G ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average of $54.53 and a 200-day moving average of $57.72.

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%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CMG shares. Stephens lowered their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Wedbush lowered their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Finally, Barclays lowered their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Eight 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.