NewEdge Wealth LLC Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

NewEdge Wealth LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 56,842 shares of the restaurant operator’s stock after purchasing an additional 3,457 shares during the quarter. NewEdge Wealth LLC’s holdings in Chipotle Mexican Grill were worth $3,428,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMG. Thrivent Financial for Lutherans grew its position in Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after purchasing an additional 1,848,625 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after purchasing an additional 1,364,635 shares during the last quarter. Intech Investment Management LLC grew its position in Chipotle Mexican Grill by 224.2% during the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after purchasing an additional 1,173,207 shares during the last quarter. Premier Fund Managers Ltd purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at about $57,335,000. Finally, Natixis Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 97.6% during the 3rd quarter. Natixis Advisors LLC now owns 1,753,841 shares of the restaurant operator’s stock valued at $101,056,000 after acquiring an additional 866,291 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMG shares. Raymond James dropped their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Oppenheimer raised their price target 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. Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Wedbush dropped their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Truist Financial raised their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Trading Up 2.5 %

NYSE CMG opened at $54.04 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The stock has a market cap of $73.25 billion, a price-to-earnings ratio of 48.68, a PEG ratio of 2.04 and a beta of 1.27. The company’s 50 day moving average is $57.38 and its two-hundred day moving average is $58.04.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity

In other 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 sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.02% of the company’s stock.

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.