Williams & Novak LLC Buys Shares of 3,655 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Williams & Novak LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,655 shares of the restaurant operator’s stock, valued at approximately $220,000.

Several other large investors have also added to or reduced their stakes in the company. BSW Wealth Partners lifted its stake in Chipotle Mexican Grill by 5.0% in the 4th quarter. BSW Wealth Partners now owns 9,615 shares of the restaurant operator’s stock worth $580,000 after purchasing an additional 459 shares in the last quarter. Stonegate Investment Group LLC lifted its position in Chipotle Mexican Grill by 34.0% in the fourth quarter. Stonegate Investment Group LLC now owns 15,076 shares of the restaurant operator’s stock worth $909,000 after buying an additional 3,824 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after buying an additional 214 shares during the period. YHB Investment Advisors Inc. increased its position in Chipotle Mexican Grill by 187.5% during the fourth quarter. YHB Investment Advisors Inc. now owns 53,908 shares of the restaurant operator’s stock valued at $3,251,000 after acquiring an additional 35,158 shares during the last quarter. Finally, Vantage Investment Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 0.7% in the 4th quarter. Vantage Investment Partners LLC now owns 644,149 shares of the restaurant operator’s stock worth $38,842,000 after acquiring an additional 4,486 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Truist Financial increased their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Stephens reissued an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Barclays upped their price target on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Finally, Piper Sandler boosted their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.88.

Chipotle Mexican Grill Trading Down 0.9 %

NYSE:CMG opened at $57.76 on Wednesday. The firm has a fifty day simple moving average of $60.63 and a 200-day simple moving average of $57.72. Chipotle Mexican Grill, Inc. has a 12 month low of $46.29 and a 12 month high of $69.26. The company has a market capitalization of $78.70 billion, a P/E ratio of 53.76, a PEG ratio of 1.88 and a beta of 1.27.

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

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the business’s 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 completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.