Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 114,949 shares of the restaurant operator’s stock after purchasing an additional 2,618 shares during the period. RWA Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $6,931,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $31,000. Sound Income Strategies LLC increased its position in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $38,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CMG shares. Truist Financial boosted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. 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 note on Thursday, December 5th. Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Piper Sandler reduced their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Raymond James lowered their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Trading Down 2.0 %

CMG opened at $49.91 on Monday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The firm has a market cap of $67.64 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27. The company has a fifty day simple moving average of $53.81 and a 200 day simple moving average of $57.57.

Chipotle Mexican Grill (NYSE:CMG) last announced its 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 return on equity of 42.92% and a net margin of 13.56%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.