Dillon & Associates Inc. Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dillon & Associates Inc. lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,481 shares of the restaurant operator’s stock after buying an additional 3,909 shares during the period. Chipotle Mexican Grill makes up 2.1% of Dillon & Associates Inc.’s holdings, making the stock its 14th biggest position. Dillon & Associates Inc.’s holdings in Chipotle Mexican Grill were worth $15,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMG. Golden State Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter worth about $371,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter worth about $315,220,000. U.S. Capital Wealth Advisors LLC raised its stake in Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after purchasing an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Chipotle Mexican Grill during the fourth quarter worth about $715,000. Finally, Vinva Investment Management Ltd raised its stake in Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after purchasing an additional 21,864 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $48.52 on Monday. The company has a market cap of $65.76 billion, a P/E ratio of 43.70, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The firm has a fifty day moving average of $54.53 and a two-hundred day moving average of $57.72.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on CMG. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Wedbush dropped their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Raymond James dropped their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Barclays dropped their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

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.