MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,664 shares of the restaurant operator’s stock after purchasing an additional 325 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Chipotle Mexican Grill were worth $12,763,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CMG. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC lifted its holdings in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $50,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $52.02 on Friday. The company has a 50 day simple moving average of $49.68 and a two-hundred day simple moving average of $55.48. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market capitalization of $70.09 billion, a price-to-earnings ratio of 46.86, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $13.37 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Stifel Nicolaus lowered their target price 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. Royal Bank of Canada reduced their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Barclays decreased their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given 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 target price of $61.74.

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.