United Bank Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

United Bank boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,720 shares of the restaurant operator’s stock after purchasing an additional 7,869 shares during the quarter. Chipotle Mexican Grill makes up 1.1% of United Bank’s portfolio, making the stock its 29th biggest position. United Bank’s holdings in Chipotle Mexican Grill were worth $2,697,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Sound Income Strategies LLC increased 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 buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $38,000. Financial Life Planners purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $50,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $49.91 on Friday. The company has a market capitalization of $67.64 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company’s 50 day moving average price is $53.81 and its 200-day moving average price is $57.56. 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 issued its quarterly earnings data 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%. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CMG. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Stephens dropped their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Truist Financial lifted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, Barclays reduced their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, 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.