Sigma Planning Corp Buys 7,549 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sigma Planning Corp grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,226 shares of the restaurant operator’s stock after acquiring an additional 7,549 shares during the quarter. Sigma Planning Corp’s holdings in Chipotle Mexican Grill were worth $2,908,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Thompson Davis & CO. Inc. purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $223,000. Boyd Watterson Asset Management LLC OH raised its stake in shares of Chipotle Mexican Grill by 3.4% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 28,619 shares of the restaurant operator’s stock worth $1,726,000 after purchasing an additional 936 shares during the last quarter. Outfitter Financial LLC raised its stake in shares of Chipotle Mexican Grill by 40.5% in the fourth quarter. Outfitter Financial LLC now owns 9,975 shares of the restaurant operator’s stock worth $601,000 after purchasing an additional 2,875 shares during the last quarter. Bradley Foster & Sargent Inc. CT purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $201,000. Finally, Paradigm Asset Management Co. LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $139,000. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CMG shares. Wedbush decreased their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Piper Sandler decreased their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Truist Financial boosted their price target 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. Robert W. Baird boosted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Stock Down 3.0 %

NYSE CMG opened at $51.47 on Friday. The firm has a market cap of $69.76 billion, a price-to-earnings ratio of 46.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business has a 50-day moving average price of $58.38 and a 200-day moving average price of $58.13. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.