Ethos Financial Group LLC Acquires Shares of 517 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 517 shares of the restaurant operator’s stock, valued at approximately $31,000.

Other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC increased its stake in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $33,000. Sound Income Strategies LLC increased its stake in shares of Chipotle Mexican Grill by 1,110.0% in 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 in the last quarter. Truvestments Capital LLC purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $37,000. Finally, Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Raymond James lowered their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Finally, Stephens lowered their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

Chipotle Mexican Grill Stock Performance

CMG opened at $50.22 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The stock has a market capitalization of $68.06 billion, a PE ratio of 45.23, a P/E/G ratio of 2.04 and a beta of 1.27. The business’s 50 day moving average price is $56.47 and its 200 day moving average price is $58.04.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Company 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.