Hazlett Burt & Watson Inc. Purchases 831 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hazlett Burt & Watson Inc. lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 65.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,098 shares of the restaurant operator’s stock after purchasing an additional 831 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Chipotle Mexican Grill were worth $126,000 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 purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $31,000. Sound Income Strategies LLC grew its stake in shares of 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 valued at $36,000 after acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their price objective for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Truist Financial increased their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Eight equities research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $50.19 on Tuesday. The business has a 50 day simple moving average of $53.67 and a two-hundred day simple moving average of $57.53. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The firm has a market capitalization of $68.02 billion, a PE ratio of 45.20, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS 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%. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.