Centricity Wealth Management LLC Acquires Shares of 1,672 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Centricity Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,672 shares of the restaurant operator’s stock, valued at approximately $101,000.

Several other large investors have also recently made changes to their positions in CMG. Transcendent Capital Group LLC increased 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 worth $30,000 after acquiring an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the third quarter valued at $32,000. Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill in the third quarter valued at $33,000. Global Trust Asset Management LLC bought a new stake in Chipotle Mexican Grill in the third quarter worth $35,000. Finally, Sound Income Strategies LLC raised its stake in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $53.04 on Friday. The business’s 50-day moving average is $58.91 and its 200 day moving average is $58.15. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The firm has a market capitalization of $71.88 billion, a P/E ratio of 47.77, a P/E/G ratio of 2.10 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup boosted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Loop Capital upped their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Raymond James dropped their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.31.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.