Duncker Streett & Co. Inc. Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Duncker Streett & Co. Inc. increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,288 shares of the restaurant operator’s stock after purchasing an additional 5,910 shares during the period. Duncker Streett & Co. Inc.’s holdings in Chipotle Mexican Grill were worth $4,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Financial Advocates Investment Management increased its holdings in Chipotle Mexican Grill by 3.4% during the third quarter. Financial Advocates Investment Management now owns 14,306 shares of the restaurant operator’s stock valued at $824,000 after buying an additional 466 shares during the last quarter. US Bancorp DE increased its holdings in Chipotle Mexican Grill by 12.9% during the third quarter. US Bancorp DE now owns 115,987 shares of the restaurant operator’s stock valued at $6,683,000 after buying an additional 13,237 shares during the last quarter. Stephens Inc. AR purchased a new stake in Chipotle Mexican Grill during the third quarter valued at approximately $341,000. Focus Financial Network Inc. increased its holdings in Chipotle Mexican Grill by 9.3% during the third quarter. Focus Financial Network Inc. now owns 5,405 shares of the restaurant operator’s stock valued at $311,000 after buying an additional 462 shares during the last quarter. Finally, Chapman Investment Management LLC increased its holdings in Chipotle Mexican Grill by 5.9% during the third quarter. Chapman Investment Management LLC now owns 18,632 shares of the restaurant operator’s stock valued at $1,074,000 after buying an additional 1,032 shares during the last quarter. 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 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 sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CMG shares. Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Stephens dropped their price target 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. Wedbush dropped their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price target for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Truist Financial upped 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. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Stock Up 2.5 %

CMG stock opened at $54.04 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The company has a fifty day simple moving average of $57.38 and a two-hundred day simple moving average of $58.08. The firm has a market capitalization of $73.25 billion, a P/E ratio of 48.68, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. As a group, 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.