Vident Advisory LLC Has $26 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vident Advisory LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 78.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 431,092 shares of the restaurant operator’s stock after buying an additional 189,652 shares during the period. Vident Advisory LLC’s holdings in Chipotle Mexican Grill were worth $25,995,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $31,000. Sound Income Strategies LLC boosted its position in Chipotle Mexican Grill by 1,110.0% during the fourth 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 last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at $38,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.5%

Shares of CMG stock opened at $52.32 on Monday. The company has a 50 day moving average of $49.72 and a 200-day moving average of $55.42. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The firm has a market cap of $70.49 billion, a P/E ratio of 47.12, a PEG 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 net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business posted $13.37 EPS. Chipotle Mexican Grill’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stephens reissued an “equal weight” rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, May 7th. Wedbush cut their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley cut their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Finally, KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.74.

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.