Scholtz & Company LLC Acquires 2,962 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Scholtz & Company LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 198,277 shares of the restaurant operator’s stock after buying an additional 2,962 shares during the period. Chipotle Mexican Grill makes up about 5.7% of Scholtz & Company LLC’s holdings, making the stock its 4th largest holding. Scholtz & Company LLC’s holdings in Chipotle Mexican Grill were worth $11,956,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tortoise Investment Management LLC increased its holdings in Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock worth $87,000 after buying an additional 176 shares during the last quarter. Traynor Capital Management Inc. increased its stake in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after purchasing an additional 181 shares during the last quarter. BTC Capital Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after purchasing an additional 184 shares during the period. Revolve Wealth Partners LLC lifted its stake in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its holdings in Chipotle Mexican Grill by 4.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock worth $310,000 after purchasing an additional 218 shares during the period. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMG shares. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Evercore ISI raised their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Stephens cut their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Eight 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 MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $50.19 on Tuesday. The business has a fifty day moving average price of $53.67 and a two-hundred day moving average price of $57.53. The stock has a market capitalization of $68.02 billion, a PE ratio of 45.20, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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.