Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,457 shares of the restaurant operator’s stock after acquiring an additional 3,888 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,354,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $371,000. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $315,220,000. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $715,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 2.4 %

Chipotle Mexican Grill stock opened at $48.94 on Thursday. The firm has a 50-day moving average price of $54.87 and a two-hundred day moving average price of $57.77. The firm has a market capitalization of $66.33 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research analyst reports. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price target for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Jefferies Financial Group lifted their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Wedbush decreased their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Oppenheimer lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.74.

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.