Foster Victor Wealth Advisors LLC Has $7.04 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Foster Victor Wealth Advisors LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 122,353 shares of the restaurant operator’s stock after purchasing an additional 6,996 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $7,038,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. ZRC Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 384 shares during the last quarter. Transcendent Capital Group LLC increased its position 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 acquiring an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $32,000. Capital Performance Advisors LLP bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $33,000. Finally, Quarry LP acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $37,000. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CMG. TD Cowen boosted 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 report on Wednesday, October 30th. Oppenheimer boosted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Evercore ISI raised their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Stephens reissued an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Finally, Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $66.88.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.9 %

Chipotle Mexican Grill stock opened at $57.76 on Wednesday. The stock has a market capitalization of $78.70 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $46.29 and a twelve month high of $69.26. The company has a 50 day moving average of $60.61 and a 200-day moving average of $57.72.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business earned $0.23 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.