Trilogy Capital Inc. Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Trilogy Capital Inc. raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,235 shares of the restaurant operator’s stock after acquiring an additional 5,904 shares during the quarter. Trilogy Capital Inc.’s holdings in Chipotle Mexican Grill were worth $2,004,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CMG. Geode Capital Management LLC boosted its stake in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after buying an additional 438,007 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after buying an additional 381,873 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Chipotle Mexican Grill by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after buying an additional 518,521 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Chipotle Mexican Grill by 11.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after buying an additional 858,704 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock worth $472,505,000 after buying an additional 132,756 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the topic of several analyst reports. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Truist Financial lifted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. KeyCorp lowered their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Robert W. Baird lifted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated 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 owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Trading Down 0.4 %

Shares of CMG stock opened at $57.27 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The stock’s 50-day moving average price is $60.27 and its 200-day moving average price is $57.84. The stock has a market capitalization of $78.04 billion, a price-to-earnings ratio of 53.31, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. As a group, research analysts predict 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.