Cerity Partners LLC Has $35.80 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cerity Partners LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 597,654 shares of the restaurant operator’s stock after acquiring an additional 25,916 shares during the period. Cerity Partners LLC’s holdings in Chipotle Mexican Grill were worth $35,802,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. United Bank raised its stake in shares of Chipotle Mexican Grill by 13.7% in the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after purchasing an additional 4,451 shares during the period. Quarry LP raised its position in Chipotle Mexican Grill by 108.4% in the 3rd quarter. Quarry LP now owns 1,219 shares of the restaurant operator’s stock valued at $70,000 after buying an additional 634 shares during the last quarter. EP Wealth Advisors LLC raised its position in Chipotle Mexican Grill by 1.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 45,313 shares of the restaurant operator’s stock valued at $2,611,000 after buying an additional 866 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at approximately $494,000. Finally, Hodges Capital Management Inc. boosted its position in Chipotle Mexican Grill by 11.2% during the 3rd quarter. Hodges Capital Management Inc. now owns 11,510 shares of the restaurant operator’s stock worth $663,000 after acquiring an additional 1,160 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $46.56 on Tuesday. The firm’s 50-day simple moving average is $52.93 and its 200 day simple moving average is $57.25. The firm has a market cap of $63.11 billion, a P/E ratio of 41.94, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CMG shares. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley upgraded 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 report on Monday, March 3rd. Raymond James dropped their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Finally, Robert W. Baird decreased their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating for the company in a research note on Monday. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $66.10.

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.