Advisory Services Network LLC Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Advisory Services Network LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 49.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,043 shares of the restaurant operator’s stock after buying an additional 11,902 shares during the period. Advisory Services Network LLC’s holdings in Chipotle Mexican Grill were worth $2,173,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMG. Sunbelt Securities Inc. grew its stake in shares of Chipotle Mexican Grill by 34.8% in the third quarter. Sunbelt Securities Inc. now owns 12,332 shares of the restaurant operator’s stock worth $711,000 after purchasing an additional 3,182 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Chipotle Mexican Grill by 25.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 24,888 shares of the restaurant operator’s stock worth $1,434,000 after buying an additional 5,054 shares during the last quarter. Anchor Investment Management LLC grew its position in shares of Chipotle Mexican Grill by 7.1% in the 3rd quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator’s stock worth $1,505,000 after buying an additional 1,724 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of Chipotle Mexican Grill by 1,597.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator’s stock valued at $3,814,000 after buying an additional 62,288 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 5,455.0% during the third quarter. Sanctuary Advisors LLC now owns 165,094 shares of the restaurant operator’s stock valued at $10,238,000 after acquiring an additional 162,122 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.1 %

Shares of CMG opened at $49.73 on Friday. The company has a market capitalization of $67.39 billion, a price-to-earnings ratio of 44.79, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The stock has a 50 day moving average price of $51.79 and a 200 day moving average price of $56.89.

Chipotle Mexican Grill (NYSE:CMG) last posted 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, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research analyst reports. KeyCorp lowered their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Raymond James lowered their price objective on 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. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price objective 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. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.10.

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.