Congress Asset Management Co. Has $116.11 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Congress Asset Management Co. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 1,925,608 shares of the restaurant operator’s stock after purchasing an additional 27,033 shares during the quarter. Congress Asset Management Co.’s holdings in Chipotle Mexican Grill were worth $116,114,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV raised its holdings in Chipotle Mexican Grill by 5.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,680 shares of the restaurant operator’s stock worth $282,000 after purchasing an additional 247 shares during the period. Center for Financial Planning Inc. raised its holdings in Chipotle Mexican Grill by 22.2% in the fourth quarter. Center for Financial Planning Inc. now owns 6,327 shares of the restaurant operator’s stock worth $382,000 after purchasing an additional 1,149 shares during the period. PUREfi Wealth LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth $356,000. ABC Arbitrage SA acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth $1,367,000. Finally, Adell Harriman & Carpenter Inc. raised its holdings in Chipotle Mexican Grill by 157.4% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 10,450 shares of the restaurant operator’s stock worth $630,000 after purchasing an additional 6,390 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $57.06 on Friday. The firm has a 50-day moving average of $59.50 and a 200-day moving average of $58.07. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company has a market cap of $77.74 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

CMG has been the topic of several analyst reports. TD Cowen increased their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, 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 report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’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 sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.02% of the stock is currently owned by corporate 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.