World Investment Advisors Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

World Investment Advisors boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 92.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 157,655 shares of the restaurant operator’s stock after buying an additional 75,928 shares during the period. World Investment Advisors’ holdings in Chipotle Mexican Grill were worth $9,507,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $31,000. Sound Income Strategies LLC grew its holdings in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $38,000. Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $52.04 on Thursday. The business’s 50-day moving average is $53.50 and its 200 day moving average is $57.46. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The firm has a market capitalization of $70.53 billion, a P/E ratio of 46.87, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. 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 13.56% and a return on equity of 42.92%. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. KeyCorp reduced their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Citigroup reduced their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their target price for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Barclays reduced their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Eight equities research 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.38.

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.