1,400 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Berbice Capital Management LLC

Berbice Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,400 shares of the restaurant operator’s stock, valued at approximately $84,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. RFG Advisory LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $342,000. Sustainable Insight Capital Management LLC increased its position in Chipotle Mexican Grill by 156.0% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 226,083 shares of the restaurant operator’s stock valued at $13,633,000 after acquiring an additional 137,783 shares during the period. Conway Capital Management Inc. increased its position in Chipotle Mexican Grill by 5.3% in the 4th quarter. Conway Capital Management Inc. now owns 15,950 shares of the restaurant operator’s stock valued at $962,000 after acquiring an additional 800 shares during the period. Finally, Montecito Bank & Trust increased its position in Chipotle Mexican Grill by 42.3% in the 4th quarter. Montecito Bank & Trust now owns 8,215 shares of the restaurant operator’s stock valued at $495,000 after acquiring an additional 2,440 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMG has been the subject of several recent research reports. Evercore ISI upped their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler upped their price target 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. Truist Financial upped their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company upped their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group upped their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Trading Down 1.3 %

CMG opened at $56.80 on Friday. The company’s fifty day moving average price is $60.72 and its two-hundred day moving average price is $57.74. Chipotle Mexican Grill, Inc. has a 1-year low of $46.15 and a 1-year high of $69.26. The company has a market cap of $77.40 billion, a price-to-earnings ratio of 52.94, a PEG ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data 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 net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction 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 in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.