Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,681 shares of the restaurant operator’s stock after buying an additional 13,934 shares during the period. Rafferty Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $7,639,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $31,000. Sound Income Strategies LLC increased its stake 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 buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.5%

CMG stock opened at $52.32 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The company has a market cap of $70.49 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 2.04 and a beta of 1.11. The company has a 50 day moving average of $49.72 and a two-hundred day moving average of $55.43.

Chipotle Mexican Grill (NYSE:CMG) last released its 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. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $13.37 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

CMG has been the subject of several research reports. Stephens restated an “equal weight” rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, May 7th. Royal Bank of Canada reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Citigroup reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, UBS Group reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $61.74.

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.