6,684 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by Triad Wealth Partners LLC

Triad Wealth Partners LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, Holdings Channel reports. The firm acquired 6,684 shares of the restaurant operator’s stock, valued at approximately $403,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC boosted its stake in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $33,000. Sound Income Strategies LLC increased its position in shares of 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. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $37,000. Finally, Financial Life Planners bought a new stake in Chipotle Mexican Grill during the fourth quarter worth about $45,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 2.3 %

CMG stock opened at $53.10 on Wednesday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The business’s 50-day moving average price is $57.05 and its two-hundred day moving average price is $58.14. The firm has a market cap of $71.96 billion, a PE ratio of 47.82, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 return on equity of 42.92% and a net margin of 13.56%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Citigroup raised their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note 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, Evercore ISI increased their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.60.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the business’s 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 directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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.