Lebenthal Global Advisors LLC Boosts Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lebenthal Global Advisors LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,515 shares of the restaurant operator’s stock after purchasing an additional 2,303 shares during the period. Lebenthal Global Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,358,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in shares of Chipotle Mexican Grill by 1,087.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock worth $271,547,000 after buying an additional 4,315,983 shares in the last quarter. Congress Asset Management Co. purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $109,396,000. Thrivent Financial for Lutherans lifted its holdings in Chipotle Mexican Grill by 674.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after acquiring an additional 1,848,625 shares during the period. Raymond James & Associates boosted its position in Chipotle Mexican Grill by 94.3% in the third quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock worth $171,118,000 after purchasing an additional 1,441,172 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Chipotle Mexican Grill by 5,188.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock valued at $818,860,000 after purchasing an additional 1,394,270 shares during the period. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CMG shares. Evercore ISI lifted 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. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company lifted 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, Barclays increased their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.77.

Chipotle Mexican Grill Stock Up 2.8 %

Chipotle Mexican Grill stock opened at $58.30 on Tuesday. The stock has a market cap of $79.43 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 1.88 and a beta of 1.27. The business has a 50-day simple moving average of $60.64 and a 200 day simple moving average of $57.72. Chipotle Mexican Grill, Inc. has a 52 week low of $46.29 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping 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 company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the business earned $0.23 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.