Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Raised by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 313.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,146 shares of the restaurant operator’s stock after acquiring an additional 4,659 shares during the quarter. Venturi Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CMG. Alpha DNA Investment Management LLC raised its position in shares of Chipotle Mexican Grill by 1.2% during the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock valued at $786,000 after buying an additional 168 shares during the last quarter. Lecap Asset Management Ltd. increased its stake in Chipotle Mexican Grill by 1.2% during the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after acquiring an additional 175 shares during the period. Connable Office Inc. raised its holdings in Chipotle Mexican Grill by 0.6% in the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 178 shares in the last quarter. Traynor Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after acquiring an additional 181 shares during the period. Finally, BTC Capital Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock worth $601,000 after purchasing an additional 184 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $53.04 on Friday. The business’s fifty day moving average price is $58.91 and its two-hundred day moving average price is $58.15. The firm has a market capitalization of $71.88 billion, a price-to-earnings ratio of 47.77, a PEG ratio of 2.10 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of a number of recent research reports. Evercore ISI upped their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Stephens reduced their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler cut their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently 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.