Mission Wealth Management LP Has $700,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mission Wealth Management LP lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,601 shares of the restaurant operator’s stock after purchasing an additional 928 shares during the period. Mission Wealth Management LP’s holdings in Chipotle Mexican Grill were worth $700,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CMG. Transcendent Capital Group LLC raised its position in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 475 shares during the period. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $33,000. Sound Income Strategies LLC raised its holdings in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the period. Truvestments Capital LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $37,000. Finally, Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock opened at $53.10 on Wednesday. The company has a fifty day moving average price of $57.05 and a two-hundred day moving average price of $58.14. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The stock has a market cap of $71.96 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS 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%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CMG shares. KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Citigroup raised their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $65.00 to $70.00 in a report on Monday. Finally, Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.60.

Chipotle Mexican Grill Company 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.