Ritholtz Wealth Management Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ritholtz Wealth Management increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,274 shares of the restaurant operator’s stock after buying an additional 1,316 shares during the quarter. Ritholtz Wealth Management’s holdings in Chipotle Mexican Grill were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CMG. Edgestream Partners L.P. raised its holdings in shares of Chipotle Mexican Grill by 3,447.7% in the 2nd quarter. Edgestream Partners L.P. now owns 5,428 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 5,275 shares during the period. XTX Topco Ltd acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $653,000. Benjamin F. Edwards & Company Inc. raised its holdings in Chipotle Mexican Grill by 4,729.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 26,613 shares of the restaurant operator’s stock valued at $1,667,000 after buying an additional 26,062 shares during the period. Benjamin Edwards Inc. lifted its position in Chipotle Mexican Grill by 4,187.5% during the second quarter. Benjamin Edwards Inc. now owns 686 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 670 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in Chipotle Mexican Grill by 8,633.1% during the second quarter. AE Wealth Management LLC now owns 12,401 shares of the restaurant operator’s stock worth $777,000 after buying an additional 12,259 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the company’s 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 transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wedbush reissued an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Stephens restated an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Truist Financial upped their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, BMO Capital Markets upped their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $57.52 on Tuesday. The stock has a market capitalization of $78.38 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The business’s fifty day moving average price is $60.91 and its 200 day moving average price is $57.83. Chipotle Mexican Grill, Inc. has a 12-month low of $46.01 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.