Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Dillon & Associates Inc.

Dillon & Associates Inc. boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 257,481 shares of the restaurant operator’s stock after acquiring an additional 3,909 shares during the period. Chipotle Mexican Grill accounts for 2.1% of Dillon & Associates Inc.’s investment portfolio, making the stock its 14th largest holding. Dillon & Associates Inc.’s holdings in Chipotle Mexican Grill were worth $15,449,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at about $31,000. Sound Income Strategies LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 555 shares in the last quarter. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $37,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at about $50,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 1.0 %

Shares of NYSE:CMG opened at $48.52 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26. The company has a market capitalization of $65.76 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a 50 day moving average of $54.53 and a two-hundred day moving average of $57.72.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly 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%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CMG shares. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Stephens cut their price objective on shares of 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. Wedbush cut their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

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.