Nicolet Advisory Services LLC Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nicolet Advisory Services LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,816 shares of the restaurant operator’s stock after purchasing an additional 751 shares during the period. Nicolet Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $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 acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $38,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CMG shares. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price objective for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Stephens cut their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Barclays cut their price objective on shares of 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. Finally, Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their target price for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $52.04 on Thursday. The stock has a market capitalization of $70.53 billion, a PE ratio of 46.87, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26. The company has a fifty day moving average of $53.50 and a two-hundred day moving average of $57.46.

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

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.