Berkshire Bank Acquires Shares of 3,500 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Berkshire Bank bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,500 shares of the restaurant operator’s stock, valued at approximately $211,000.

A number of other institutional investors have also modified their holdings of CMG. Mackenzie Financial Corp raised its holdings in shares of Chipotle Mexican Grill by 4,975.0% in the second quarter. Mackenzie Financial Corp now owns 127,280 shares of the restaurant operator’s stock valued at $7,974,000 after buying an additional 124,772 shares during the last quarter. Driehaus Capital Management LLC raised its stake in Chipotle Mexican Grill by 4,213.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 11,300 shares of the restaurant operator’s stock valued at $708,000 after acquiring an additional 11,038 shares during the last quarter. Creative Planning lifted its position in Chipotle Mexican Grill by 5,498.1% during the 2nd quarter. Creative Planning now owns 242,957 shares of the restaurant operator’s stock worth $15,221,000 after acquiring an additional 238,617 shares during the period. Nemes Rush Group LLC grew its stake in shares of Chipotle Mexican Grill by 7,976.9% in the 2nd quarter. Nemes Rush Group LLC now owns 3,150 shares of the restaurant operator’s stock valued at $197,000 after purchasing an additional 3,111 shares during the last quarter. Finally, Silver Lake Advisory LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $330,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on CMG. Royal Bank of Canada increased their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Barclays lifted their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. Piper Sandler increased their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, January 22nd. Finally, Truist Financial increased their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.77.

Chipotle Mexican Grill Stock Up 2.8 %

Shares of Chipotle Mexican Grill stock opened at $58.30 on Tuesday. The firm has a market cap of $79.43 billion, a PE ratio of 54.26, a P/E/G ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.29 and a fifty-two week high of $69.26. The business’s fifty day moving average is $60.64 and its two-hundred day moving average is $57.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during 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 firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS 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.