Great Lakes Advisors LLC Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Great Lakes Advisors LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 303.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,600 shares of the restaurant operator’s stock after purchasing an additional 15,494 shares during the period. Great Lakes Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,242,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $31,000. Sound Income Strategies LLC raised its stake in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $37,000. Financial Life Planners bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CMG shares. Wells Fargo & Company reduced 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. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Evercore ISI upped their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Stifel Nicolaus reduced their price target on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.85.

Chipotle Mexican Grill Stock Up 2.8 %

CMG opened at $50.12 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The company has a 50-day moving average price of $55.43 and a 200 day moving average price of $57.92. The company has a market cap of $67.93 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS 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%. As a group, sell-side analysts expect 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.