TCW Group Inc. Buys 342 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

TCW Group Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 18,994 shares of the restaurant operator’s stock after acquiring an additional 342 shares during the period. TCW Group Inc.’s holdings in Chipotle Mexican Grill were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC raised its holdings in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Capital Performance Advisors LLP bought a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $33,000. Sound Income Strategies LLC raised its holdings in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the period. Truvestments Capital LLC bought a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $37,000. Finally, Financial Life Planners bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $45,000. Institutional investors own 91.31% of the company’s stock.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the company’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 completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. TD Cowen boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays lowered their target price 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. 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 report on Wednesday, February 5th. Finally, Oppenheimer boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $51.15 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The firm has a fifty day moving average of $58.11 and a 200 day moving average of $58.14. The firm has a market capitalization of $69.32 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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 net margin of 13.56% and a return on equity of 42.92%. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.