HB Wealth Management LLC Has $2.06 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

HB Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,105 shares of the restaurant operator’s stock after acquiring an additional 3,085 shares during the period. HB Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $2,057,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Arkadios Wealth Advisors lifted its position in shares of Chipotle Mexican Grill by 4.4% during the 4th quarter. Arkadios Wealth Advisors now owns 10,916 shares of the restaurant operator’s stock valued at $658,000 after acquiring an additional 465 shares during the period. Arthur M. Cohen & Associates LLC raised its holdings in Chipotle Mexican Grill by 0.8% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 59,753 shares of the restaurant operator’s stock worth $3,603,000 after buying an additional 463 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $56,000. Merit Financial Group LLC raised its holdings in Chipotle Mexican Grill by 20.8% during the fourth quarter. Merit Financial Group LLC now owns 44,996 shares of the restaurant operator’s stock worth $2,713,000 after buying an additional 7,740 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in Chipotle Mexican Grill by 58.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,961 shares of the restaurant operator’s stock worth $480,000 after buying an additional 2,926 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.4 %

CMG opened at $57.52 on Monday. The company has a market capitalization of $78.38 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 1.91 and a beta of 1.27. The firm has a 50-day moving average price of $60.91 and a 200-day moving average price of $57.85. Chipotle Mexican Grill, Inc. has a twelve month low of $46.01 and a twelve month high of $69.26.

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

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’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 value of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of several research reports. Piper Sandler upped their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Raymond James upped their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.

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.