Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Lifted by Warther Private Wealth LLC

Warther Private Wealth LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,902 shares of the restaurant operator’s stock after acquiring an additional 3,252 shares during the quarter. Chipotle Mexican Grill accounts for approximately 3.3% of Warther Private Wealth LLC’s holdings, making the stock its 14th largest position. Warther Private Wealth LLC’s holdings in Chipotle Mexican Grill were worth $9,944,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Chipotle Mexican Grill during the second quarter valued at $186,000. Ritholtz Wealth Management boosted its holdings in shares of Chipotle Mexican Grill by 15.1% in the 3rd quarter. Ritholtz Wealth Management now owns 6,958 shares of the restaurant operator’s stock valued at $401,000 after buying an additional 914 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Chipotle Mexican Grill by 415.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 19,331 shares of the restaurant operator’s stock valued at $1,114,000 after buying an additional 15,581 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $138,000. Finally, Sapient Capital LLC bought a new position in Chipotle Mexican Grill in the third quarter worth about $1,083,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 2.7 %

Shares of CMG opened at $56.22 on Wednesday. The business’s 50-day moving average price is $60.03 and its 200 day moving average price is $57.99. The stock has a market capitalization of $76.60 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Truist Financial increased their target price 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. Jefferies Financial Group boosted 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. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Cowen lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated Tuesday, December 10th. The stock was 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 of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.