Morse Asset Management Inc Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Morse Asset Management Inc lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 65.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,315 shares of the restaurant operator’s stock after buying an additional 1,700 shares during the quarter. Morse Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $260,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank grew its holdings in Chipotle Mexican Grill by 5.9% during the 4th quarter. Czech National Bank now owns 295,438 shares of the restaurant operator’s stock worth $17,815,000 after acquiring an additional 16,462 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of Chipotle Mexican Grill by 27.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,483 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 323 shares during the period. Claro Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 14.2% during the fourth quarter. Claro Advisors LLC now owns 7,710 shares of the restaurant operator’s stock valued at $465,000 after purchasing an additional 961 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 19.6% during the fourth quarter. Pallas Capital Advisors LLC now owns 10,817 shares of the restaurant operator’s stock valued at $652,000 after purchasing an additional 1,775 shares in the last quarter. Finally, First Financial Corp IN increased its holdings in Chipotle Mexican Grill by 321.0% during the fourth quarter. First Financial Corp IN now owns 842 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 642 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMG. Loop Capital lowered their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Morgan Stanley decreased their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company dropped their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.74.

Chipotle Mexican Grill Trading Down 0.2%

Shares of NYSE:CMG opened at $50.66 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The company has a market cap of $68.26 billion, a PE ratio of 45.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The company’s 50 day moving average is $49.59 and its 200 day moving average is $55.57.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $13.37 earnings per share. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.