Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by IFP Advisors Inc

IFP Advisors Inc grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 69.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,226 shares of the restaurant operator’s stock after purchasing an additional 24,270 shares during the quarter. IFP Advisors Inc’s holdings in Chipotle Mexican Grill were worth $3,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CMG. Congress Asset Management Co. purchased a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $109,396,000. Thrivent Financial for Lutherans raised its position in shares of Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after acquiring an additional 1,848,625 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Chipotle Mexican Grill by 123.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after purchasing an additional 1,364,635 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Chipotle Mexican Grill by 224.2% in the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after purchasing an additional 1,173,207 shares in the last quarter. Finally, Premier Fund Managers Ltd purchased a new position in Chipotle Mexican Grill in the third quarter valued at approximately $57,335,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMG. Stifel Nicolaus reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Truist Financial boosted their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Stephens decreased their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Price Performance

CMG opened at $51.15 on Tuesday. The business has a 50 day simple moving average of $58.11 and a 200-day simple moving average of $58.14. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The stock has a market capitalization of $69.32 billion, a P/E ratio of 46.07, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating 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 anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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 dated Tuesday, December 10th. The shares were 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 directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.