Eastover Investment Advisors LLC Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Eastover Investment Advisors LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,775 shares of the restaurant operator’s stock after acquiring an additional 1,405 shares during the period. Chipotle Mexican Grill makes up approximately 0.8% of Eastover Investment Advisors LLC’s investment portfolio, making the stock its 28th largest position. Eastover Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,595,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $371,000. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC grew its holdings in Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after buying an additional 9,070 shares in the last quarter. Vinva Investment Management Ltd grew its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after buying an additional 21,864 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $715,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Argus cut shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Robert W. Baird decreased their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.60.

Chipotle Mexican Grill Trading Down 0.7%

Chipotle Mexican Grill stock opened at $49.72 on Friday. The company has a fifty day simple moving average of $50.02 and a 200-day simple moving average of $55.02. The stock has a market cap of $66.99 billion, a P/E ratio of 44.79, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

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

Chipotle Mexican Grill 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.