Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Spire Wealth Management

Spire Wealth Management boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 75.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,344 shares of the restaurant operator’s stock after acquiring an additional 18,651 shares during the quarter. Spire Wealth Management’s holdings in Chipotle Mexican Grill were worth $1,604,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $25,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $26,000. Finally, Lavaca Capital LLC purchased a new stake in Chipotle Mexican Grill during the second quarter worth about $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. Telsey Advisory Group lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. DA Davidson initiated coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They set a “buy” rating and a $51.00 price target on the stock. Zacks Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Truist Financial raised their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Raymond James Financial lifted their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Twenty-four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.13.

Chipotle Mexican Grill Trading Up 1.0%

Shares of CMG opened at $31.18 on Tuesday. The stock has a market cap of $40.61 billion, a P/E ratio of 27.35, a PEG ratio of 1.89 and a beta of 1.00. The company has a 50-day moving average of $36.52 and a two-hundred day moving average of $36.87. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.