FFT Wealth Management LLC Has $764,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

FFT Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,674 shares of the restaurant operator’s stock after purchasing an additional 2,600 shares during the period. FFT Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Longbow Finance SA acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $4,282,000. Los Angeles Capital Management LLC boosted its stake in Chipotle Mexican Grill by 445.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 833,494 shares of the restaurant operator’s stock worth $50,260,000 after acquiring an additional 680,595 shares during the last quarter. Synergy Financial Group LTD grew its holdings in Chipotle Mexican Grill by 2.1% during the fourth quarter. Synergy Financial Group LTD now owns 36,341 shares of the restaurant operator’s stock valued at $2,191,000 after purchasing an additional 738 shares during the period. Wrapmanager Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $304,000. Finally, Pine Valley Investments Ltd Liability Co increased its stake in Chipotle Mexican Grill by 13.0% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 74,788 shares of the restaurant operator’s stock valued at $4,510,000 after purchasing an additional 8,600 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $52.53 on Wednesday. The firm has a market cap of $71.20 billion, a P/E 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 52 week low of $47.98 and a 52 week high of $69.26. The firm’s 50-day simple moving average is $57.87 and its 200 day simple moving average is $58.12.

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

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Stephens reduced their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. TD Cowen lifted their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Wedbush reduced their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.