Wealthspire Advisors LLC Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wealthspire Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,909 shares of the restaurant operator’s stock after buying an additional 1,786 shares during the period. Wealthspire Advisors LLC’s holdings in Chipotle Mexican Grill were worth $718,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Congress Asset Management Co. acquired a new stake in Chipotle Mexican Grill in the third quarter valued at $109,396,000. Thrivent Financial for Lutherans increased its holdings in shares of Chipotle Mexican Grill by 674.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after purchasing an additional 1,848,625 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Chipotle Mexican Grill by 123.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after purchasing an additional 1,364,635 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 224.2% in the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after purchasing an additional 1,173,207 shares during the period. Finally, Premier Fund Managers Ltd purchased a new stake in Chipotle Mexican Grill during the third quarter worth about $57,335,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research analyst reports. Evercore ISI increased their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Raymond James dropped their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. KeyCorp decreased their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. TD Cowen upped their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $52.53 on Wednesday. The firm has a market capitalization of $71.20 billion, a price-to-earnings ratio of 47.32, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company has a 50 day moving average price of $57.87 and a 200 day moving average price of $58.12.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the business’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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is currently owned by insiders.

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.