Proficio Capital Partners LLC Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Proficio Capital Partners LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11,987.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 421,979 shares of the restaurant operator’s stock after purchasing an additional 418,488 shares during the period. Proficio Capital Partners LLC’s holdings in Chipotle Mexican Grill were worth $25,445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its position in Chipotle Mexican Grill by 2.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 141,456 shares of the restaurant operator’s stock valued at $8,530,000 after buying an additional 3,206 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Chipotle Mexican Grill by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 347,794 shares of the restaurant operator’s stock valued at $20,972,000 after buying an additional 2,351 shares during the period. Kovack Advisors Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $273,000. WT Wealth Management lifted its position in Chipotle Mexican Grill by 4.4% during the fourth quarter. WT Wealth Management now owns 41,324 shares of the restaurant operator’s stock valued at $2,492,000 after buying an additional 1,734 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its position in Chipotle Mexican Grill by 3.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 544,600 shares of the restaurant operator’s stock valued at $32,839,000 after buying an additional 15,700 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 2.5 %

Chipotle Mexican Grill stock opened at $54.04 on Friday. The business has a 50-day simple moving average of $57.38 and a two-hundred day simple moving average of $58.04. The company has a market cap of $73.25 billion, a P/E ratio of 48.68, a P/E/G 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.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMG. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Raymond James reduced their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus reduced their price target on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Piper Sandler reduced their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

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.