33,344 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,344 shares of the restaurant operator’s stock, valued at approximately $2,011,000.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares during the last quarter. L & S Advisors Inc purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $3,256,000. Optas LLC boosted its stake in Chipotle Mexican Grill by 318.5% during the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after purchasing an additional 13,060 shares during the last quarter. Harrell Investment Partners LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $2,513,000. Finally, Savvy Advisors Inc. purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $758,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays increased their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. TD Cowen increased their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler boosted their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

Chipotle Mexican Grill Trading Down 1.1 %

NYSE:CMG opened at $58.34 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The company has a market cap of $79.49 billion, a price-to-earnings ratio of 54.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. The stock has a fifty day simple moving average of $60.57 and a 200-day simple moving average of $57.74.

Chipotle Mexican Grill (NYSE:CMG) last released 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. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related 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 value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.02% of the company’s stock.

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.