Chicago Partners Investment Group LLC Acquires 3,579 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chicago Partners Investment Group LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.3% in the fourth quarter, HoldingsChannel reports. The firm owned 15,797 shares of the restaurant operator’s stock after purchasing an additional 3,579 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Chipotle Mexican Grill were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Transcendent Capital Group LLC boosted its stake in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $33,000. Quarry LP acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $37,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth $35,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 1.1 %

Shares of CMG opened at $58.34 on Monday. The stock has a market cap of $79.49 billion, a P/E ratio of 54.30, a P/E/G ratio of 2.05 and a beta of 1.27. The business’s fifty day moving average is $60.50 and its 200 day moving average is $57.75. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMG. Stephens reiterated an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Piper Sandler boosted their price objective 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. TD Cowen raised their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird boosted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $66.88.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on 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 $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 through the SEC website. 1.02% of the stock is currently owned by insiders.

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.