Wealth Enhancement Advisory Services LLC Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wealth Enhancement Advisory Services LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,566 shares of the restaurant operator’s stock after acquiring an additional 190 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $7,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Chipotle Mexican Grill by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock worth $6,191,334,000 after buying an additional 23,151 shares during the period. Capital World Investors increased its holdings in Chipotle Mexican Grill by 0.8% during the 4th quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock valued at $2,575,057,000 after acquiring an additional 8,541 shares in the last quarter. American Century Companies Inc. raised its position in Chipotle Mexican Grill by 3.5% during the third quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock worth $732,552,000 after acquiring an additional 13,482 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Chipotle Mexican Grill by 41.6% in the third quarter. Wellington Management Group LLP now owns 397,182 shares of the restaurant operator’s stock valued at $727,570,000 after purchasing an additional 116,723 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $805,529,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 0.4 %

NYSE CMG opened at $62.65 on Monday. The company’s fifty day simple moving average is $127.77 and its 200-day simple moving average is $78.43. The stock has a market cap of $86.04 billion, a P/E ratio of 66.85, a PEG ratio of 2.50 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets increased their target price on Chipotle Mexican Grill from $48.00 to $57.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. The Goldman Sachs Group initiated coverage on Chipotle Mexican Grill in a research report on Thursday, June 13th. They set a “buy” rating and a $74.60 price objective for the company. Piper Sandler upped their target price on shares of Chipotle Mexican Grill from $48.84 to $61.40 and gave the company a “neutral” rating in a report on Thursday, April 25th. BTIG Research raised their price target on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Stifel Nicolaus upped their price objective on shares of Chipotle Mexican Grill from $54.00 to $65.40 and gave the company a “buy” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.29.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 125,450 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the completion of the sale, the insider now owns 54,250 shares of the company’s stock, valued at $3,433,417.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 125,450 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the completion of the transaction, the insider now directly owns 54,250 shares of the company’s stock, valued at approximately $3,433,417.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Scott Boatwright sold 55,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the completion of the sale, the chief operating officer now owns 120,600 shares in the company, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. Insiders have sold a total of 550,750 shares of company stock valued at $35,023,769 in the last three months. Corporate insiders own 1.02% of the company’s stock.

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.