Ballast Advisors LLC Has $1.41 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ballast Advisors LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,425 shares of the restaurant operator’s stock after buying an additional 1,890 shares during the period. Ballast Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Chipotle Mexican Grill in the fourth quarter valued at about $371,000. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $715,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after buying an additional 48,126 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stephens reduced their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays cut their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Finally, KeyCorp reduced 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 note on Wednesday, February 5th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Stock Up 0.0 %

Chipotle Mexican Grill stock opened at $49.00 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The stock has a market cap of $66.41 billion, a P/E ratio of 44.14, a P/E/G ratio of 2.04 and a beta of 1.27. The company’s 50-day moving average price is $54.69 and its two-hundred day moving average price is $57.71.

Chipotle Mexican Grill (NYSE:CMG) last announced 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 return on equity of 42.92% and a net margin of 13.56%. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.