Revolve Wealth Partners LLC Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Revolve Wealth Partners LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 4.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,804 shares of the restaurant operator’s stock after purchasing an additional 214 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Hantz Financial Services Inc. increased its stake in shares of Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after purchasing an additional 48,126 shares in the last quarter. L & S Advisors Inc purchased a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $3,256,000. Optas LLC raised its holdings in shares of Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after acquiring an additional 13,060 shares during the last quarter. Harrell Investment Partners LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $2,513,000. Finally, Savvy Advisors Inc. purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $758,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank of Canada raised their price objective on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Wedbush reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, January 22nd. Robert W. Baird boosted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial increased their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Loop Capital lifted their price objective 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. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.99.

Read Our Latest Stock Analysis on CMG

Chipotle Mexican Grill Trading Up 2.8 %

Shares of NYSE CMG opened at $58.30 on Tuesday. 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 cap of $79.43 billion, a P/E ratio of 54.26, a PEG ratio of 1.88 and a beta of 1.27. The business’s fifty day simple moving average is $60.64 and its 200-day simple moving average is $57.72.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the business posted $0.23 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this link. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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