Laffer Tengler Investments Inc. Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Laffer Tengler Investments Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,389 shares of the restaurant operator’s stock after buying an additional 18,962 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in Chipotle Mexican Grill were worth $5,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CMG. Mainstream Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 0.9% in the 4th quarter. Mainstream Capital Management LLC now owns 27,034 shares of the restaurant operator’s stock worth $1,630,000 after purchasing an additional 231 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in Chipotle Mexican Grill by 29.0% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,715 shares of the restaurant operator’s stock worth $404,000 after acquiring an additional 1,511 shares in the last quarter. Synergy Investment Management LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $63,000. Patten Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 9.5% during the fourth quarter. Patten Group Inc. now owns 42,133 shares of the restaurant operator’s stock valued at $2,541,000 after buying an additional 3,638 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock valued at $511,865,000 after purchasing an additional 288,266 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the business’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 transaction, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CMG shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Stephens lowered their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. 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. Finally, Citigroup increased their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $66.60.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $53.10 on Wednesday. The stock has a market cap of $71.96 billion, a P/E ratio of 47.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The stock has a fifty day moving average price of $57.05 and a 200 day moving average price of $58.14. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results 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%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

About Chipotle Mexican Grill

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.