Avantax Advisory Services Inc. Has $3.65 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Avantax Advisory Services Inc. grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,595 shares of the restaurant operator’s stock after buying an additional 7,896 shares during the period. Avantax Advisory Services Inc.’s holdings in Chipotle Mexican Grill were worth $3,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMG. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $692,701,000. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $315,220,000. Thrivent Financial for Lutherans increased its stake in shares of Chipotle Mexican Grill by 674.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after purchasing an additional 1,848,625 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Chipotle Mexican Grill by 123.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after purchasing an additional 1,364,635 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 224.2% in the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after purchasing an additional 1,173,207 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $50.12 on Friday. The company has a market capitalization of $67.93 billion, a P/E ratio of 45.14, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The business’s 50 day simple moving average is $55.43 and its 200-day simple moving average is $57.92.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial lifted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Jefferies Financial Group lifted their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Finally, Piper Sandler lowered their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.85.

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.