MJP Associates Inc. ADV Purchases 617 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

MJP Associates Inc. ADV lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,476 shares of the restaurant operator’s stock after acquiring an additional 617 shares during the quarter. MJP Associates Inc. ADV’s holdings in Chipotle Mexican Grill were worth $692,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Graypoint LLC boosted its stake in Chipotle Mexican Grill by 4.0% during the fourth quarter. Graypoint LLC now owns 8,668 shares of the restaurant operator’s stock valued at $523,000 after buying an additional 333 shares during the period. Czech National Bank lifted its position in Chipotle Mexican Grill by 5.9% in the 4th quarter. Czech National Bank now owns 295,438 shares of the restaurant operator’s stock valued at $17,815,000 after acquiring an additional 16,462 shares in the last quarter. Trust Co. of Toledo NA OH raised its holdings in Chipotle Mexican Grill by 11.4% in the 4th quarter. Trust Co. of Toledo NA OH now owns 20,438 shares of the restaurant operator’s stock worth $1,232,000 after purchasing an additional 2,087 shares during the period. CHICAGO TRUST Co NA raised its holdings in Chipotle Mexican Grill by 3.4% during the fourth quarter. CHICAGO TRUST Co NA now owns 26,786 shares of the restaurant operator’s stock valued at $1,615,000 after acquiring an additional 886 shares during the period. Finally, Salem Investment Counselors Inc. grew its position in shares of Chipotle Mexican Grill by 27.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,483 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 323 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus decreased 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 note on Wednesday, March 19th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, April 25th. Finally, Truist Financial decreased their target price on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.74.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $49.77 on Monday. The firm has a 50-day moving average price of $49.67 and a two-hundred day moving average price of $55.66. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The firm has a market cap of $67.06 billion, a price-to-earnings ratio of 44.83, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly 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. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the company posted $13.37 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.