Mount Yale Investment Advisors LLC Acquires Shares of 17,113 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mount Yale Investment Advisors LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 17,113 shares of the restaurant operator’s stock, valued at approximately $1,032,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. Pacer Advisors Inc. boosted its position in Chipotle Mexican Grill by 9.7% during the fourth quarter. Pacer Advisors Inc. now owns 111,459 shares of the restaurant operator’s stock worth $6,721,000 after purchasing an additional 9,884 shares during the period. Center For Asset Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $280,000. Cornerstone Wealth Group LLC boosted its holdings in shares of Chipotle Mexican Grill by 16.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 4,139 shares of the restaurant operator’s stock worth $250,000 after buying an additional 588 shares during the period. KBC Group NV grew its stake in Chipotle Mexican Grill by 184.3% in the 4th quarter. KBC Group NV now owns 653,940 shares of the restaurant operator’s stock valued at $39,433,000 after buying an additional 423,891 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Chipotle Mexican Grill in the 4th quarter valued at about $32,742,000. 91.31% of the stock is currently owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction 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. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMG. Jefferies Financial Group boosted their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Oppenheimer boosted their price target 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. Raymond James upped 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. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Piper Sandler upped their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.77.

Chipotle Mexican Grill Trading Up 2.8 %

CMG stock opened at $58.30 on Tuesday. The firm has a 50-day moving average price of $60.64 and a 200-day moving average price of $57.72. Chipotle Mexican Grill, Inc. has a 12 month low of $46.29 and a 12 month high of $69.26. The stock has a market capitalization of $79.43 billion, a P/E ratio of 54.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27.

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 the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS 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.