5,041 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Wrapmanager Inc.

Wrapmanager Inc. purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,041 shares of the restaurant operator’s stock, valued at approximately $304,000.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter worth $371,000. U.S. Capital Wealth Advisors LLC lifted its position in Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after buying an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Chipotle Mexican Grill in the fourth quarter worth $715,000. Hantz Financial Services Inc. lifted its position in Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after buying an additional 48,126 shares during the last quarter. Finally, L & S Advisors Inc bought a new stake in Chipotle Mexican Grill in the third quarter worth $3,256,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $52.53 on Wednesday. The business’s 50 day moving average price is $57.87 and its 200-day moving average price is $58.12. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The firm has a market capitalization of $71.20 billion, a price-to-earnings ratio of 47.32, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the firm’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 transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Evercore ISI increased their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. TD Cowen increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Piper Sandler reduced their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.31.

About Chipotle Mexican Grill

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.