Wilkinson Global Asset Management LLC Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wilkinson Global Asset Management LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 578,602 shares of the restaurant operator’s stock after purchasing an additional 125,815 shares during the quarter. Chipotle Mexican Grill comprises about 2.1% of Wilkinson Global Asset Management LLC’s holdings, making the stock its 21st biggest position. Wilkinson Global Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $34,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $371,000. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after buying an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new position in Chipotle Mexican Grill in the 4th quarter worth $715,000. Hantz Financial Services Inc. increased its stake in Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after buying an additional 48,126 shares in the last quarter. Finally, L & S Advisors Inc purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth $3,256,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 4.6 %

CMG stock opened at $54.48 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The stock has a market capitalization of $74.23 billion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. The firm’s fifty day simple moving average is $59.35 and its two-hundred day simple moving average is $58.16.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of several research analyst reports. Truist Financial boosted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Stephens dropped their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Raymond James cut their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Wedbush cut their target price on shares of 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. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

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.