Proficio Capital Partners LLC Buys 3,507 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Proficio Capital Partners LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 100.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,998 shares of the restaurant operator’s stock after acquiring an additional 3,507 shares during the period. Proficio Capital Partners LLC’s holdings in Chipotle Mexican Grill were worth $422,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CMG. 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 last quarter. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $37,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $45,000. Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $50,000. Finally, Sierra Ocean LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth $50,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $49.62 on Tuesday. The firm has a market capitalization of $67.25 billion, a P/E ratio of 44.69, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a fifty day moving average price of $54.40 and a two-hundred day moving average price of $57.70. 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 announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) 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%. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMG. Wedbush decreased their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on 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. Piper Sandler lowered their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Finally, Jefferies Financial Group increased their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.