Alerus Financial NA Boosts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Alerus Financial NA lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,508 shares of the restaurant operator’s stock after acquiring an additional 4,826 shares during the period. Alerus Financial NA’s holdings in Chipotle Mexican Grill were worth $3,528,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $31,000. Sound Income Strategies LLC lifted its stake in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at $38,000. Truvestments Capital LLC bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $37,000. Finally, Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $45,000. 91.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMG. KeyCorp reduced their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Stock Up 1.8 %

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 company has a market cap of $69.10 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm’s 50-day simple moving average is $53.97 and its two-hundred 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, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.