Hodges Capital Management Inc. Has $956,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hodges Capital Management Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,860 shares of the restaurant operator’s stock after purchasing an additional 4,350 shares during the period. Hodges Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CMG. Boston Trust Walden Corp increased its holdings in Chipotle Mexican Grill by 2.1% during the fourth quarter. Boston Trust Walden Corp now owns 39,400 shares of the restaurant operator’s stock worth $2,376,000 after buying an additional 800 shares during the last quarter. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Resonant Capital Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 5.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 5,245 shares of the restaurant operator’s stock valued at $316,000 after acquiring an additional 262 shares during the period. Chicago Capital LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $585,000. Finally, McAdam LLC raised its holdings in Chipotle Mexican Grill by 77.0% in the 4th quarter. McAdam LLC now owns 6,157 shares of the restaurant operator’s stock valued at $371,000 after acquiring an additional 2,678 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $58.36 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The stock has a fifty day moving average price of $60.50 and a 200-day moving average price of $57.77. The firm has a market cap of $79.53 billion, a PE ratio of 54.32, a P/E/G ratio of 2.07 and a beta of 1.27.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Citigroup cut their target price on Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Evercore ISI raised their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Barclays upped their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Finally, Piper Sandler boosted 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. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.88.

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.