Avity Investment Management Inc. Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Avity Investment Management Inc. purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 474,302 shares of the restaurant operator’s stock, valued at approximately $28,600,000. Chipotle Mexican Grill accounts for approximately 2.2% of Avity Investment Management Inc.’s holdings, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Alpha DNA Investment Management LLC boosted its stake in Chipotle Mexican Grill by 1.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after purchasing an additional 168 shares during the period. Lecap Asset Management Ltd. lifted its holdings in shares of Chipotle Mexican Grill by 1.2% in the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after purchasing an additional 175 shares in the last quarter. Connable Office Inc. boosted its position in shares of Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock worth $1,840,000 after buying an additional 178 shares during the period. Albion Financial Group UT grew its holdings in shares of Chipotle Mexican Grill by 14.4% during the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock worth $82,000 after buying an additional 180 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of Chipotle Mexican Grill by 8.7% during the third quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator’s stock worth $133,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.2 %

Chipotle Mexican Grill stock opened at $56.35 on Wednesday. The company has a market capitalization 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 12 month low of $45.50 and a 12 month high of $69.26. The stock’s 50 day moving average is $60.94 and its 200-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. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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 dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CMG has been the subject of a number of recent research reports. Stephens reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, Raymond James raised their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

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.