Center For Asset Management LLC Acquires Shares of 4,644 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Center For Asset Management LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,644 shares of the restaurant operator’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC grew its stake in Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock valued at $1,612,682,000 after buying an additional 438,007 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after purchasing an additional 381,873 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after purchasing an additional 518,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Chipotle Mexican Grill by 11.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after purchasing an additional 858,704 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Chipotle Mexican Grill by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock worth $472,505,000 after purchasing an additional 132,756 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $56.61 on Monday. The company has a market capitalization of $77.14 billion, a P/E ratio of 52.69, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $69.26. The stock has a 50 day moving average price of $60.64 and a two-hundred day moving average price of $57.72.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results 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. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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

CMG has been the topic of several analyst reports. Stephens reiterated an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Truist Financial raised their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, TD Cowen lifted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill 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.