Los Angeles Capital Management LLC Grows Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Los Angeles Capital Management LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 445.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 833,494 shares of the restaurant operator’s stock after purchasing an additional 680,595 shares during the period. Los Angeles Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $50,260,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. acquired a new stake in Chipotle Mexican Grill in the third quarter worth about $877,000. Arkadios Wealth Advisors raised its stake in shares of Chipotle Mexican Grill by 35.3% in the third quarter. Arkadios Wealth Advisors now owns 10,451 shares of the restaurant operator’s stock worth $602,000 after purchasing an additional 2,725 shares during the last quarter. State of Alaska Department of Revenue raised its position in Chipotle Mexican Grill by 19.8% during the third quarter. State of Alaska Department of Revenue now owns 179,085 shares of the restaurant operator’s stock valued at $10,318,000 after acquiring an additional 29,655 shares in the last quarter. Inscription Capital LLC increased its position in shares of Chipotle Mexican Grill by 2.8% in the third quarter. Inscription Capital LLC now owns 8,016 shares of the restaurant operator’s stock valued at $462,000 after buying an additional 216 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at approximately $528,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMG. Piper Sandler lowered their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Barclays decreased their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price objective for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Truist Financial upped their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Robert W. Baird upped their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten 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, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Activity

In other Chipotle Mexican Grill 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.7 %

NYSE CMG opened at $51.15 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The stock has a market cap of $69.32 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business has a fifty day moving average of $58.11 and a 200-day moving average of $58.14.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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.