Center for Financial Planning Inc. Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Center for Financial Planning Inc. raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,327 shares of the restaurant operator’s stock after purchasing an additional 1,149 shares during the quarter. Center for Financial Planning Inc.’s holdings in Chipotle Mexican Grill were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. PUREfi Wealth LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $356,000. ABC Arbitrage SA purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $1,367,000. Adell Harriman & Carpenter Inc. grew its stake in shares of Chipotle Mexican Grill by 157.4% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 10,450 shares of the restaurant operator’s stock valued at $630,000 after purchasing an additional 6,390 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator’s stock valued at $91,571,000 after purchasing an additional 279,267 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Chipotle Mexican Grill by 26.5% in the 4th quarter. Blue Trust Inc. now owns 37,345 shares of the restaurant operator’s stock valued at $2,252,000 after purchasing an additional 7,816 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Down 1.8 %

Shares of NYSE:CMG opened at $57.06 on Friday. The company has a market cap of $77.74 billion, a P/E ratio of 51.39, a P/E/G ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The business has a fifty day simple moving average of $59.66 and a 200-day simple moving average of $58.03.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on CMG shares. TD Cowen lifted their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Stifel Nicolaus reduced 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, February 5th. 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 reduced their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Wedbush reduced their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Ten investment 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 stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target 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.