Simon Quick Advisors LLC Buys 637 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Simon Quick Advisors LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,471 shares of the restaurant operator’s stock after purchasing an additional 637 shares during the quarter. Simon Quick Advisors LLC’s holdings in Chipotle Mexican Grill were worth $571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. ZRC Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Transcendent Capital Group LLC lifted its stake in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at $32,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $55.93 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $46.01 and a 1 year high of $69.26. The stock’s 50-day moving average is $60.79 and its 200 day moving average is $57.75. The company has a market cap of $76.21 billion, a PE ratio of 52.06, a P/E/G ratio of 1.94 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CMG. Wedbush reissued an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday. Piper Sandler lifted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial upped their price objective 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. BMO Capital Markets lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Stephens reissued an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

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.