Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 34.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,076 shares of the restaurant operator’s stock after buying an additional 3,824 shares during the period. Stonegate Investment Group LLC’s holdings in Chipotle Mexican Grill were worth $909,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CMG. Revolve Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares in the last quarter. YHB Investment Advisors Inc. raised its holdings in Chipotle Mexican Grill by 187.5% during the fourth quarter. YHB Investment Advisors Inc. now owns 53,908 shares of the restaurant operator’s stock worth $3,251,000 after purchasing an additional 35,158 shares in the last quarter. Vantage Investment Partners LLC lifted its position in shares of Chipotle Mexican Grill by 0.7% during the 4th quarter. Vantage Investment Partners LLC now owns 644,149 shares of the restaurant operator’s stock worth $38,842,000 after buying an additional 4,486 shares during the last quarter. Nilsine Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 30.5% in the 4th quarter. Nilsine Partners LLC now owns 30,264 shares of the restaurant operator’s stock valued at $1,825,000 after buying an additional 7,070 shares in the last quarter. Finally, Berkshire Bank purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $211,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.9 %

Shares of Chipotle Mexican Grill stock opened at $57.76 on Wednesday. The company has a 50-day moving average of $60.63 and a two-hundred day moving average of $57.72. Chipotle Mexican Grill, Inc. has a 12-month low of $46.29 and a 12-month high of $69.26. The stock has a market cap of $78.70 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMG. Loop Capital boosted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Citigroup cut their target price on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a report on Monday. Finally, Robert W. Baird increased their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.88.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is owned by corporate insiders.

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.