Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,957 shares of the restaurant operator’s stock after buying an additional 482 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $1,806,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanders Morris Harris LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $358,000. ERn Financial LLC increased its holdings in shares of Chipotle Mexican Grill by 2.3% during the fourth quarter. ERn Financial LLC now owns 11,452 shares of the restaurant operator’s stock valued at $691,000 after purchasing an additional 258 shares during the period. Avity Investment Management Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $28,600,000. Clarus Wealth Advisors lifted its holdings in Chipotle Mexican Grill by 17.8% in the fourth quarter. Clarus Wealth Advisors now owns 13,428 shares of the restaurant operator’s stock worth $755,000 after purchasing an additional 2,032 shares during the period. Finally, Park Avenue Securities LLC grew its position in Chipotle Mexican Grill by 16.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,472 shares of the restaurant operator’s stock valued at $1,958,000 after buying an additional 4,497 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Loop Capital boosted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Piper Sandler boosted their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. 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, Royal Bank of Canada upped their price objective on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.81.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on 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 directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.7 %

NYSE CMG opened at $58.36 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $45.62 and a 1-year high of $69.26. The firm’s fifty day simple moving average is $60.93 and its 200-day simple moving average is $57.91. The company has a market capitalization of $79.51 billion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Chipotle Mexican Grill Company 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.