Diversify Advisory Services LLC Acquires 3,800 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Diversify Advisory Services LLC raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,036 shares of the restaurant operator’s stock after purchasing an additional 3,800 shares during the quarter. Diversify Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $1,697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. Diversify Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 4.4% during the 4th quarter. Diversify Wealth Management LLC now owns 53,160 shares of the restaurant operator’s stock worth $3,004,000 after purchasing an additional 2,221 shares during the last quarter. LVW Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 4.5% during the fourth quarter. LVW Advisors LLC now owns 7,180 shares of the restaurant operator’s stock worth $433,000 after purchasing an additional 307 shares during the period. Grove Bank & Trust increased its position in Chipotle Mexican Grill by 21.7% during the 4th quarter. Grove Bank & Trust now owns 1,400 shares of the restaurant operator’s stock worth $84,000 after buying an additional 250 shares during the period. Brady Martz Wealth Solutions LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth about $268,000. Finally, Oak Ridge Investments LLC raised its position in shares of Chipotle Mexican Grill by 1.5% in the fourth quarter. Oak Ridge Investments LLC now owns 30,260 shares of the restaurant operator’s stock valued at $1,825,000 after buying an additional 453 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $57.52 on Tuesday. The company has a market capitalization of $78.38 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $46.01 and a 52-week high of $69.26. The company has a 50-day simple moving average of $60.91 and a 200 day simple moving average of $57.83.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CMG shares. TD Cowen boosted their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Stephens reiterated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Jefferies Financial Group upped their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, Robert W. Baird upped their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.81.

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.