EverSource Wealth Advisors LLC Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

EverSource Wealth Advisors LLC raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,679 shares of the restaurant operator’s stock after purchasing an additional 1,542 shares during the period. EverSource Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $704,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $31,000. Sound Income Strategies LLC lifted its holdings in shares of 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. Truvestments Capital LLC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $37,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $65.00 to $70.00 in a report on Monday, March 3rd. Jefferies Financial Group increased their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Barclays decreased their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Citigroup raised their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Finally, KeyCorp decreased their target price 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. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.60.

Chipotle Mexican Grill Stock Down 2.7 %

Shares of Chipotle Mexican Grill stock opened at $48.70 on Friday. The firm has a market cap of $66.00 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 2.04 and a beta of 1.27. The business has a 50-day moving average price of $55.63 and a 200-day moving average price of $57.94. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.