Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Mariner LLC

Mariner LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 413,004 shares of the restaurant operator’s stock after purchasing an additional 66,184 shares during the period. Mariner LLC’s holdings in Chipotle Mexican Grill were worth $24,903,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC lifted its position in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $38,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 1.4 %

Shares of CMG opened at $48.75 on Wednesday. The stock’s 50 day moving average is $51.45 and its two-hundred day moving average is $56.77. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The firm has a market capitalization of $66.08 billion, a PE ratio of 43.91, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating 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%. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CMG shares. Barclays lowered their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Citigroup lowered their price target on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Stifel Nicolaus reduced their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their target price for the company from $58.00 to $65.00 in a report on Friday, March 14th. Finally, Raymond James cut their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.60.

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.