11,478 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by Econ Financial Services Corp

Econ Financial Services Corp acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,478 shares of the restaurant operator’s stock, valued at approximately $692,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $186,000. Czech National Bank increased its holdings in Chipotle Mexican Grill by 6.6% in the third quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock valued at $16,075,000 after buying an additional 17,276 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Chipotle Mexican Grill by 41.0% during the 3rd 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 during the period. Smith Anglin Financial LLC boosted its stake in shares of Chipotle Mexican Grill by 40.8% during the 3rd quarter. Smith Anglin Financial LLC now owns 5,140 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 1,490 shares in the last quarter. Finally, SignalPoint Asset Management LLC grew its holdings in shares of Chipotle Mexican Grill by 14.1% in the 3rd quarter. SignalPoint Asset Management LLC now owns 4,280 shares of the restaurant operator’s stock worth $245,000 after acquiring an additional 530 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on 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 directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was 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. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.3 %

CMG opened at $59.10 on Wednesday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The company has a 50 day moving average of $60.36 and a two-hundred day moving average of $57.84. The company has a market cap of $80.53 billion, a P/E ratio of 55.01, a P/E/G ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CMG shares. Truist Financial lifted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Jefferies Financial Group lifted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the stock from $59.00 to $73.00 in a research report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.56.

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.