RD Lewis Holdings Inc. Purchases New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

RD Lewis Holdings Inc. purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,600 shares of the restaurant operator’s stock, valued at approximately $378,000.

Other large investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC grew 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 valued at $36,000 after purchasing an additional 555 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $37,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $50,000. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMG. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, Barclays cut their target price on shares of 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. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.85.

Chipotle Mexican Grill Stock Down 0.8 %

Shares of Chipotle Mexican Grill stock opened at $49.61 on Tuesday. The company has a market cap of $67.24 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company’s 50 day moving average is $55.25 and its 200 day moving average is $57.89. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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 net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company 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.