Segall Bryant & Hamill LLC Has $11.31 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Segall Bryant & Hamill LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 187,631 shares of the restaurant operator’s stock after buying an additional 29,207 shares during the period. Segall Bryant & Hamill LLC’s holdings in Chipotle Mexican Grill were worth $11,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at about $31,000. Sound Income Strategies LLC boosted its stake 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 valued at $36,000 after purchasing an additional 555 shares during the period. Truvestments Capital LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $37,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $50,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $49.49 on Wednesday. The stock has a market capitalization of $67.08 billion, a PE ratio of 44.58, a PEG ratio of 2.04 and a beta of 1.27. The business’s 50 day simple moving average is $54.26 and its 200 day simple moving average is $57.67. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS 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%. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price objective for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Barclays cut 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 note on Wednesday, February 5th. Evercore ISI increased their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Wedbush cut their target price 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. Finally, Raymond James decreased their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. 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, the company has an average rating of “Moderate Buy” and an average 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.