Broadway Wealth Solutions Inc. Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Broadway Wealth Solutions Inc. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,680 shares of the restaurant operator’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CMG. Golden State Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $371,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $715,000. Finally, Vinva Investment Management Ltd boosted its stake in shares of Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after purchasing an additional 21,864 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMG. Wells Fargo & Company lowered their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Wedbush lowered their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their target price on shares of 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. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Stock Up 1.8 %

Shares of NYSE CMG opened at $50.98 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26. The firm has a market cap of $69.10 billion, a price-to-earnings ratio of 45.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company’s 50-day simple moving average is $53.97 and its 200-day simple moving average is $57.57.

Chipotle Mexican Grill (NYSE:CMG) last released 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%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.