Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Lifted by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 89,470 shares of the restaurant operator’s stock after acquiring an additional 16,806 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Chipotle Mexican Grill were worth $5,395,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMG. Nvest Financial LLC boosted its position in shares of Chipotle Mexican Grill by 26.8% in the 4th quarter. Nvest Financial LLC now owns 23,418 shares of the restaurant operator’s stock valued at $1,412,000 after purchasing an additional 4,955 shares during the period. Foster Victor Wealth Advisors LLC lifted its stake in Chipotle Mexican Grill by 6.1% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 122,353 shares of the restaurant operator’s stock valued at $7,038,000 after buying an additional 6,996 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Chipotle Mexican Grill by 6.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,519,383 shares of the restaurant operator’s stock worth $91,619,000 after buying an additional 89,688 shares during the period. Fulton Breakefield Broenniman LLC increased its position in shares of Chipotle Mexican Grill by 4.4% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 6,420 shares of the restaurant operator’s stock worth $387,000 after acquiring an additional 270 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in shares of Chipotle Mexican Grill by 11.8% during the fourth quarter. SteelPeak Wealth LLC now owns 24,474 shares of the restaurant operator’s stock valued at $1,476,000 after acquiring an additional 2,580 shares during the period. 91.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on CMG shares. Raymond James decreased their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday. Oppenheimer raised their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Wedbush reissued an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, January 22nd. Truist Financial raised their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, TD Cowen increased their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.88.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Down 0.9 %

Shares of Chipotle Mexican Grill stock opened at $57.76 on Wednesday. Chipotle Mexican Grill, Inc. has a 12-month low of $46.29 and a 12-month high of $69.26. The stock has a market capitalization of $78.70 billion, a P/E ratio of 53.76, a PEG ratio of 1.88 and a beta of 1.27. The stock has a 50 day moving average price of $60.61 and a two-hundred day moving average price of $57.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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.