Earned Wealth Advisors LLC Invests $570,000 in Chipotle Mexican Grill, Inc. $CMG

Earned Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,403 shares of the restaurant operator’s stock, valued at approximately $570,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in shares of Chipotle Mexican Grill by 122.7% in the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Capital International Investors raised its stake in shares of Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. BlueSpruce Investments LP lifted its holdings in Chipotle Mexican Grill by 24,760.7% in the second quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock valued at $220,711,000 after buying an additional 3,914,921 shares during the period. Vanguard Group Inc. lifted its holdings in Chipotle Mexican Grill by 2.0% in the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after buying an additional 2,470,213 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Chipotle Mexican Grill by 24.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock valued at $448,084,000 after acquiring an additional 2,265,122 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on CMG. Wells Fargo & Company lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Citigroup lifted their price objective on Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. BNP Paribas Exane initiated coverage on Chipotle Mexican Grill in a research note on Monday. They issued a “neutral” rating and a $37.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research note on Monday, December 29th. Twenty-four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.13.

Chipotle Mexican Grill Stock Up 1.6%

Shares of NYSE CMG opened at $33.16 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The stock has a market cap of $43.19 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.00 and a beta of 1.06. The company’s fifty day moving average is $36.07 and its 200-day moving average is $36.77.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.