Royal Fund Management LLC Acquires 1,609 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Royal Fund Management LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,662 shares of the restaurant operator’s stock after acquiring an additional 1,609 shares during the quarter. Royal Fund Management LLC’s holdings in Chipotle Mexican Grill were worth $2,150,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Edgestream Partners L.P. increased its position in Chipotle Mexican Grill by 3,447.7% during the 2nd quarter. Edgestream Partners L.P. now owns 5,428 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 5,275 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth $653,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Chipotle Mexican Grill by 4,729.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 26,613 shares of the restaurant operator’s stock worth $1,667,000 after buying an additional 26,062 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Chipotle Mexican Grill by 4,187.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 686 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 670 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 8,633.1% during the 2nd quarter. AE Wealth Management LLC now owns 12,401 shares of the restaurant operator’s stock valued at $777,000 after acquiring an additional 12,259 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CMG shares. Oppenheimer upped their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Truist Financial upped 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. Barclays boosted their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Loop Capital boosted their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

Insider Buying and Selling at Chipotle Mexican Grill

In related 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $57.52 on Tuesday. The business has a 50-day simple moving average of $60.91 and a 200 day simple moving average of $57.83. Chipotle Mexican Grill, Inc. has a one year low of $46.01 and a one year high of $69.26. The firm has a market capitalization of $78.38 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 1.94 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 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts expect 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.