Columbia Asset Management Has $1.11 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Columbia Asset Management increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 46.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,454 shares of the restaurant operator’s stock after buying an additional 5,894 shares during the period. Columbia Asset Management’s holdings in Chipotle Mexican Grill were worth $1,113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in 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 position in shares of 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 worth $36,000 after purchasing an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $50,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 2.9 %

Shares of NYSE CMG opened at $51.67 on Wednesday. The stock has a fifty day simple moving average of $53.58 and a two-hundred day simple moving average of $57.50. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26. The firm has a market cap of $70.03 billion, a price-to-earnings ratio of 46.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results 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 return on equity of 42.92% and a net margin of 13.56%. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on CMG shares. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Wells Fargo & Company lowered their price objective on 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. Finally, KeyCorp cut their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill 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.