Leibman Financial Services Inc. Grows Stock Position in Chipotle Mexican Grill, Inc. $CMG

Leibman Financial Services Inc. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 60,723 shares of the restaurant operator’s stock after acquiring an additional 15,888 shares during the quarter. Chipotle Mexican Grill accounts for 1.6% of Leibman Financial Services Inc.’s portfolio, making the stock its 28th largest position. Leibman Financial Services Inc.’s holdings in Chipotle Mexican Grill were worth $2,247,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CMG. Bank of Nova Scotia lifted its holdings in Chipotle Mexican Grill by 11.0% during the third quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after purchasing an additional 47,241 shares in the last quarter. Sarasin & Partners LLP increased its stake in shares of Chipotle Mexican Grill by 1.1% in the third quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock worth $102,348,000 after purchasing an additional 27,366 shares in the last quarter. Rexford Capital Inc. increased its stake in shares of Chipotle Mexican Grill by 3,266.1% in the third quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock worth $575,000 after purchasing an additional 14,240 shares in the last quarter. Union Bancaire Privee UBP SA raised its position in shares of Chipotle Mexican Grill by 76.3% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock valued at $13,333,000 after purchasing an additional 154,512 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Chipotle Mexican Grill by 34.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 283,407 shares of the restaurant operator’s stock valued at $11,044,000 after purchasing an additional 72,167 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. Telsey Advisory Group lowered their price objective on 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. Piper Sandler dropped their price objective on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Finally, Zacks Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.37.

Chipotle Mexican Grill Stock Performance

CMG opened at $32.96 on Friday. The stock has a market capitalization of $42.93 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 2.00 and a beta of 1.00. The company has a fifty day moving average of $37.61 and a 200 day moving average of $37.32. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week 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 EPS for the quarter, topping 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 business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the previous year, the company earned $0.25 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

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.