Integrated Wealth Concepts LLC Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Integrated Wealth Concepts LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,499 shares of the restaurant operator’s stock after purchasing an additional 3,230 shares during the period. Integrated Wealth Concepts LLC’s holdings in Chipotle Mexican Grill were worth $1,296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill in the 4th quarter worth $692,701,000. Alliancebernstein L.P. increased its stake in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after buying an additional 6,853,470 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $315,220,000. Finally, Clearbridge Investments LLC lifted its position in shares of Chipotle Mexican Grill by 2,145.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator’s stock valued at $191,757,000 after acquiring an additional 3,038,460 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $50.65 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market capitalization of $68.65 billion, a PE ratio of 45.62, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a 50 day moving average price of $50.01 and a 200-day moving average price of $56.17.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $13.37 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the topic of several recent analyst reports. UBS Group decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Argus lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Finally, Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $61.74.

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.