Traynor Capital Management Inc. Buys 181 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Traynor Capital Management Inc. raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,522 shares of the restaurant operator’s stock after buying an additional 181 shares during the period. Traynor Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $454,000 at the end of the most recent quarter.

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

Insider Activity

In related 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 value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Piper Sandler increased their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer raised their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Truist Financial raised their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $55.93 on Thursday. The company has a 50 day simple moving average of $60.79 and a two-hundred day simple moving average of $57.75. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.01 and a fifty-two week high of $69.26. The company has a market capitalization of $76.21 billion, a price-to-earnings ratio of 52.06, a P/E/G ratio of 1.89 and a beta of 1.27.

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