Rockline Wealth Management LLC Raises Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Rockline Wealth Management LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,683 shares of the restaurant operator’s stock after acquiring an additional 2,013 shares during the period. Rockline Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $3,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Calamos Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 1.3% during the 4th quarter. Calamos Wealth Management LLC now owns 19,470 shares of the restaurant operator’s stock worth $1,174,000 after buying an additional 258 shares during the last quarter. Trust Point Inc. raised its position in Chipotle Mexican Grill by 22.1% during the fourth quarter. Trust Point Inc. now owns 7,087 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 1,283 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 445,319 shares of the restaurant operator’s stock valued at $26,853,000 after purchasing an additional 6,341 shares in the last quarter. GDS Wealth Management grew its position in shares of Chipotle Mexican Grill by 599.6% in the fourth quarter. GDS Wealth Management now owns 60,624 shares of the restaurant operator’s stock valued at $3,656,000 after purchasing an additional 51,958 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its stake in shares of Chipotle Mexican Grill by 37.8% during the 4th quarter. Hodges Capital Management Inc. now owns 15,860 shares of the restaurant operator’s stock worth $956,000 after purchasing an additional 4,350 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’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 of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Oppenheimer upped their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Barclays lifted their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Piper Sandler increased their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, Loop Capital increased their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.88.

Chipotle Mexican Grill Stock Up 0.0 %

CMG stock opened at $58.36 on Tuesday. The company has a market capitalization of $79.53 billion, a PE ratio of 54.32, a P/E/G ratio of 2.07 and a beta of 1.27. The stock’s 50 day moving average is $60.50 and its two-hundred day moving average is $57.77. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

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.