Fifth Third Wealth Advisors LLC Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Fifth Third Wealth Advisors LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,038 shares of the restaurant operator’s stock after purchasing an additional 1,813 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $3,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CMG. Oak Thistle LLC increased its holdings in shares of Chipotle Mexican Grill by 44.0% during the 4th quarter. Oak Thistle LLC now owns 19,451 shares of the restaurant operator’s stock worth $1,173,000 after buying an additional 5,948 shares during the last quarter. Safeguard Financial LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at $344,000. MRA Advisory Group acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $207,000. Cullen Investment Group LTD. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $1,154,000. Finally, PSI Advisors LLC grew its holdings in shares of Chipotle Mexican Grill by 17.0% during the 4th quarter. PSI Advisors LLC now owns 3,100 shares of the restaurant operator’s stock worth $187,000 after purchasing an additional 450 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

CMG opened at $56.35 on Wednesday. The company has a market cap of $76.78 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $45.50 and a one year high of $69.26. The business’s fifty day moving average is $60.94 and its two-hundred day moving average is $57.91.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Citigroup cut their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Piper Sandler increased their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.81.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’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 completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.