Retirement Wealth Solutions LLC Acquires New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Retirement Wealth Solutions LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 995 shares of the restaurant operator’s stock, valued at approximately $56,000.

A number of other large investors have also bought and sold shares of CMG. Alpha DNA Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after acquiring an additional 168 shares during the period. Lecap Asset Management Ltd. boosted its position in Chipotle Mexican Grill by 1.2% during the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock worth $843,000 after purchasing an additional 175 shares during the period. Connable Office Inc. increased its stake in shares of Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 178 shares in the last quarter. Albion Financial Group UT raised its position in shares of Chipotle Mexican Grill by 14.4% in the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 180 shares during the period. Finally, CVA Family Office LLC lifted its stake in shares of Chipotle Mexican Grill by 8.7% during the 3rd quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 185 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the company’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 completion of the transaction, the insider now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Piper Sandler lifted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stephens reissued an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. BMO Capital Markets lifted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $57.52 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $46.01 and a 1 year high of $69.26. The stock has a 50 day simple moving average of $60.94 and a two-hundred day simple moving average of $57.91. The firm has a market cap of $78.38 billion, a P/E ratio of 53.54, a P/E/G ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share 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.