Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 36.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,930 shares of the restaurant operator’s stock after buying an additional 1,330 shares during the period. Phillips Wealth Planners LLC’s holdings in Chipotle Mexican Grill were worth $279,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. AE Wealth Management LLC lifted its position in Chipotle Mexican Grill by 8,633.1% during the 2nd quarter. AE Wealth Management LLC now owns 12,401 shares of the restaurant operator’s stock worth $777,000 after acquiring an additional 12,259 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Chipotle Mexican Grill by 464.5% in the second quarter. Thrivent Financial for Lutherans now owns 274,153 shares of the restaurant operator’s stock worth $17,175,000 after purchasing an additional 225,589 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Chipotle Mexican Grill by 8,266.2% during the second quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock worth $3,192,000 after purchasing an additional 50,341 shares during the period. Evergreen Capital Management LLC boosted its position in Chipotle Mexican Grill by 5,714.0% in the second quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock valued at $313,000 after buying an additional 4,914 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Chipotle Mexican Grill by 3,633.9% in the 2nd quarter. Bank of Montreal Can now owns 1,418,998 shares of the restaurant operator’s stock worth $88,900,000 after buying an additional 1,380,995 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The shares were 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 of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $55.93 on Thursday. The stock has a 50 day moving average price of $60.79 and a 200 day moving average price of $57.75. Chipotle Mexican Grill, Inc. has a one year low of $46.01 and a one year high of $69.26. The stock has a market capitalization of $76.21 billion, a price-to-earnings ratio of 52.06, a PEG ratio of 1.94 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Finally, Evercore ISI upped 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. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.81.

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.