Argus Investors Counsel Inc. Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Argus Investors Counsel Inc. grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,958 shares of the restaurant operator’s stock after buying an additional 453 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Chipotle Mexican Grill were worth $480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $209,000. Bleakley Financial Group LLC grew its holdings in Chipotle Mexican Grill by 3.7% during the 4th quarter. Bleakley Financial Group LLC now owns 42,503 shares of the restaurant operator’s stock valued at $2,563,000 after purchasing an additional 1,532 shares during the last quarter. Trilogy Capital Inc. raised its position in Chipotle Mexican Grill by 21.6% in the 4th quarter. Trilogy Capital Inc. now owns 33,235 shares of the restaurant operator’s stock worth $2,004,000 after purchasing an additional 5,904 shares during the period. Econ Financial Services Corp bought a new stake in Chipotle Mexican Grill in the fourth quarter worth about $692,000. Finally, Choreo LLC boosted its position in shares of Chipotle Mexican Grill by 19.3% during the fourth quarter. Choreo LLC now owns 72,526 shares of the restaurant operator’s stock valued at $4,358,000 after buying an additional 11,728 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Transactions 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 transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $57.54 on Thursday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The stock has a market capitalization of $78.41 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 2.07 and a beta of 1.27. The company has a 50 day moving average price of $60.36 and a 200 day moving average price of $57.84.

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 13.51% and a return on equity of 43.20%. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Evercore ISI increased their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

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.