HighPoint Advisor Group LLC Has $1.77 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

HighPoint Advisor Group LLC lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,202 shares of the restaurant operator’s stock after selling 369 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Chipotle Mexican Grill were worth $1,766,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth $31,000. Sound Income Strategies LLC grew its position in 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 worth $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

CMG opened at $50.19 on Tuesday. The stock has a market capitalization of $68.02 billion, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company’s 50 day simple moving average is $53.67 and its 200-day simple moving average is $57.53. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CMG. Truist Financial boosted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Stephens decreased 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. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price target for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Eight investment 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 MarketBeat.com, Chipotle Mexican Grill currently 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.