Tower Research Capital LLC TRC Acquires 69,576 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Tower Research Capital LLC TRC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 149.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,150 shares of the restaurant operator’s stock after purchasing an additional 69,576 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Chipotle Mexican Grill were worth $7,004,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Sound Income Strategies LLC lifted its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the fourth 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 in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill in the 4th quarter worth about $38,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

CMG opened at $48.13 on Monday. The firm has a market capitalization of $65.24 billion, a PE ratio of 43.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business’s 50-day moving average is $50.92 and its two-hundred day moving average is $56.57. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results 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, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMG. Oppenheimer raised their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada lowered their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Raymond James cut their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research 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 given a strong buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $65.42.

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.