Cerro Pacific Wealth Advisors LLC Boosts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cerro Pacific Wealth Advisors LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,021 shares of the restaurant operator’s stock after purchasing an additional 951 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $347,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC raised its holdings in shares of Chipotle Mexican Grill by 1.2% during the 3rd 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 period. Lecap Asset Management Ltd. grew its position in Chipotle Mexican Grill by 1.2% in 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 in the last quarter. Connable Office Inc. raised its stake in shares of Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after purchasing an additional 178 shares during the period. Albion Financial Group UT raised its stake in shares of Chipotle Mexican Grill by 14.4% during the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 180 shares during the period. Finally, Traynor Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after purchasing an additional 181 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 3.0 %

CMG opened at $57.58 on Friday. The business’s 50 day moving average is $60.72 and its 200-day moving average is $57.74. The stock has a market cap of $78.45 billion, a PE ratio of 53.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $46.15 and a twelve month high of $69.26.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CMG shares. Stephens reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Truist Financial lifted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Evercore ISI increased their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. BMO Capital Markets raised their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Barclays upped their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Ten research 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 stock presently has an average rating of “Moderate Buy” and an average price target of $66.81.

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.