Wealthstreet Investment Advisors LLC bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,528 shares of the restaurant operator’s stock, valued at approximately $731,000.

A number of other hedge funds have also recently added to or reduced their stakes in CMG. First Interstate Bank lifted its holdings in Chipotle Mexican Grill by 111.1% in the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 250 shares during the period. Mercer Capital Advisers Inc. acquired a new position in Chipotle Mexican Grill in the third quarter valued at $183,000. SeaCrest Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $197,000. Pacer Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 43.2% in the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after buying an additional 215 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Chipotle Mexican Grill by 71.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 766 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 318 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $279.30 on Wednesday. The company has a market cap of $7,106.86, a PE ratio of 40.80, a PEG ratio of 1.66 and a beta of 0.59. Chipotle Mexican Grill, Inc. has a 52-week low of $247.51 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping the consensus estimate of $1.32 by $0.02. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.36 EPS for the current fiscal year.

Several equities analysts recently issued reports on the stock. William Blair restated a “hold” rating on shares of Chipotle Mexican Grill in a report on Monday, January 22nd. Citigroup upgraded shares of Chipotle Mexican Grill to a “market perform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. Raymond James Financial upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a report on Friday, January 19th. Maxim Group restated a “buy” rating and issued a $425.00 target price (up previously from $400.00) on shares of Chipotle Mexican Grill in a report on Thursday, January 18th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $330.00 target price (up previously from $275.00) on shares of Chipotle Mexican Grill in a report on Tuesday, January 23rd. Nine analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and a consensus price target of $342.25.

TRADEMARK VIOLATION NOTICE: “Wealthstreet Investment Advisors LLC Purchases Shares of 2,528 Chipotle Mexican Grill, Inc. (CMG)” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://theolympiareport.com/2018/02/14/wealthstreet-investment-advisors-llc-purchases-shares-of-2528-chipotle-mexican-grill-inc-cmg.html.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.