GDS Wealth Management Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

GDS Wealth Management lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 599.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 60,624 shares of the restaurant operator’s stock after purchasing an additional 51,958 shares during the quarter. GDS Wealth Management’s holdings in Chipotle Mexican Grill were worth $3,656,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMG. Quarry LP purchased a new position in Chipotle Mexican Grill during the second quarter valued at $37,000. Sanctuary Advisors LLC purchased a new position in Chipotle Mexican Grill during the second quarter valued at $186,000. Czech National Bank grew its stake in Chipotle Mexican Grill by 6.6% during the third quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock valued at $16,075,000 after acquiring an additional 17,276 shares in the last quarter. GAMMA Investing LLC grew its stake in Chipotle Mexican Grill by 41.0% during the third quarter. GAMMA Investing LLC now owns 23,687 shares of the restaurant operator’s stock valued at $1,365,000 after acquiring an additional 6,887 shares in the last quarter. Finally, Smith Anglin Financial LLC grew its stake in Chipotle Mexican Grill by 40.8% during the third quarter. Smith Anglin Financial LLC now owns 5,140 shares of the restaurant operator’s stock valued at $296,000 after acquiring an additional 1,490 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $58.36 on Tuesday. The company has a market capitalization of $79.53 billion, a price-to-earnings ratio of 54.32, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The company’s 50-day simple moving average is $60.50 and its two-hundred day simple moving average is $57.77. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Piper Sandler increased their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. TD Cowen increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $66.88.

Insider Buying and Selling at Chipotle Mexican Grill

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 shares were 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 of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.