Fairfield Bush & CO. Acquires 3,850 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Fairfield Bush & CO. boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,340 shares of the restaurant operator’s stock after buying an additional 3,850 shares during the quarter. Fairfield Bush & CO.’s holdings in Chipotle Mexican Grill were worth $985,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC grew its holdings 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 purchasing an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $38,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the fourth 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. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $48.18 on Thursday. The company has a market capitalization of $65.30 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 2.04 and a beta of 1.27. The business has a 50 day moving average of $51.27 and a 200 day moving average of $56.71. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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 anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CMG shares. Stephens lowered their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Finally, UBS Group cut their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.