Crestwood Advisors Group LLC Acquires 1,121 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Crestwood Advisors Group LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 25.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,491 shares of the restaurant operator’s stock after purchasing an additional 1,121 shares during the period. Crestwood Advisors Group LLC’s holdings in Chipotle Mexican Grill were worth $331,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. Transcendent Capital Group LLC grew its holdings in Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill during the third quarter worth approximately $33,000. Sound Income Strategies LLC lifted its position in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Chipotle Mexican Grill during the third quarter worth approximately $37,000. Finally, Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $45,000. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’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 sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Truist Financial raised 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. 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 research report on Tuesday, January 28th. BMO Capital Markets raised their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Wedbush cut their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price target 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. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $52.53 on Wednesday. The firm’s fifty day moving average price is $57.87 and its two-hundred day moving average price is $58.12. The stock has a market cap of $71.20 billion, a PE ratio of 47.32, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results 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 net margin of 13.56% and a return on equity of 42.92%. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.