Kolinsky Wealth Management LLC Has $663,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kolinsky Wealth Management LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,987 shares of the restaurant operator’s stock after buying an additional 502 shares during the period. Kolinsky Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $663,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

CMG has been the subject of a number of research reports. Stephens reiterated an “equal weight” rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, May 7th. Stifel Nicolaus dropped their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Robert W. Baird decreased their price target on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Finally, TD Securities decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.74.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $51.45 on Wednesday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The business’s 50-day moving average is $49.82 and its 200-day moving average is $55.35. The company has a market capitalization of $69.32 billion, a price-to-earnings ratio of 46.34, a P/E/G ratio of 2.04 and a beta of 1.11.

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