RFG Bristol Wealth Advisors LLC Acquires New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

RFG Bristol Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,700 shares of the restaurant operator’s stock, valued at approximately $404,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC increased its stake in 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 worth $36,000 after acquiring an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth $38,000. Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

CMG opened at $51.67 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The company has a market cap of $70.03 billion, a P/E ratio of 46.54, a PEG ratio of 2.04 and a beta of 1.27. The business’s 50-day simple moving average is $53.58 and its 200-day simple moving average is $57.50.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate 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, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMG. KeyCorp cut their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Evercore ISI upped their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Finally, Citigroup boosted their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.67.

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.