Dakota Wealth Management Has $1.05 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dakota Wealth Management boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,378.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,750 shares of the restaurant operator’s stock after buying an additional 16,376 shares during the quarter. Dakota Wealth Management’s holdings in Chipotle Mexican Grill were worth $1,049,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CMG. SVB Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $309,000. Greenleaf Trust grew its position in shares of Chipotle Mexican Grill by 11.8% in the fourth quarter. Greenleaf Trust now owns 465 shares of the restaurant operator’s stock valued at $1,063,000 after purchasing an additional 49 shares during the last quarter. abrdn plc grew its position in shares of Chipotle Mexican Grill by 60.2% in the fourth quarter. abrdn plc now owns 11,789 shares of the restaurant operator’s stock valued at $26,961,000 after purchasing an additional 4,431 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Chipotle Mexican Grill by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,520 shares of the restaurant operator’s stock worth $5,763,000 after buying an additional 21 shares in the last quarter. Finally, CWM LLC grew its position in Chipotle Mexican Grill by 8.6% during the fourth quarter. CWM LLC now owns 517 shares of the restaurant operator’s stock worth $1,182,000 after buying an additional 41 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent research reports. Truist Financial reissued a “buy” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. TD Cowen decreased their target price on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. The Goldman Sachs Group decreased their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Oppenheimer decreased their price objective on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price objective on Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.1 %

CMG stock traded down $0.60 during trading on Tuesday, hitting $52.04. The company had a trading volume of 6,104,387 shares, compared to its average volume of 15,164,510. The firm has a 50-day moving average price of $122.32 and a 200-day moving average price of $80.74. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26. The stock has a market cap of $71.47 billion, a price-to-earnings ratio of 55.21, a PEG ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the company posted $12.65 EPS. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 EPS 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.