FFG Partners LLC Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

FFG Partners LLC grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,705 shares of the restaurant operator’s stock after acquiring an additional 6,065 shares during the period. Chipotle Mexican Grill accounts for approximately 3.2% of FFG Partners LLC’s portfolio, making the stock its 15th largest holding. FFG Partners LLC’s holdings in Chipotle Mexican Grill were worth $9,088,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Transcendent Capital Group LLC boosted its stake in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $32,000. Capital Performance Advisors LLP bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $33,000. Global Trust Asset Management LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC increased its holdings in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the period. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling

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 sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $57.27 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The stock has a market capitalization of $78.04 billion, a P/E ratio of 53.31, a P/E/G ratio of 2.07 and a beta of 1.27. The company’s 50-day moving average is $60.27 and its 200 day moving average is $57.84.

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, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMG has been the subject of several analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. KeyCorp reduced their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday. Piper Sandler lowered their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday. BMO Capital Markets lifted their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Wedbush decreased their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday. Ten research 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 company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $66.31.

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.