Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 458,258 shares of the restaurant operator’s stock after buying an additional 66,720 shares during the quarter. Assetmark Inc.’s holdings in Chipotle Mexican Grill were worth $27,633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CMG. Transcendent Capital Group LLC boosted its holdings in Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Capital Performance Advisors LLP purchased a new position in Chipotle Mexican Grill in the third quarter valued at $33,000. Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the period. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at $37,000. Finally, Financial Life Planners purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $45,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.9 %

Shares of CMG stock opened at $53.62 on Thursday. The stock has a market capitalization of $72.68 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The stock’s 50-day moving average price is $56.88 and its 200 day moving average price is $58.10.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly 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 return on equity of 42.92% and a net margin of 13.56%. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CMG has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Truist Financial lifted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Barclays decreased their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Piper Sandler decreased their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price target for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.60.

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.