RD Lewis Holdings Inc. Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

RD Lewis Holdings Inc. purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,600 shares of the restaurant operator’s stock, valued at approximately $378,000.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after acquiring an additional 438,007 shares during the period. Franklin Resources Inc. raised its position in Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after acquiring an additional 381,873 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $692,701,000. Janus Henderson Group PLC raised its position in Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after acquiring an additional 518,521 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Chipotle Mexican Grill by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock worth $511,865,000 after acquiring an additional 288,266 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Raymond James decreased their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.85.

Chipotle Mexican Grill Stock Down 0.8 %

Chipotle Mexican Grill stock opened at $49.61 on Tuesday. The company’s 50-day moving average price is $55.25 and its 200-day moving average price is $57.89. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The company has a market cap of $67.24 billion, a PE ratio of 44.69, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.