Empowered Funds LLC Boosts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Empowered Funds LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,092 shares of the restaurant operator’s stock after buying an additional 3,087 shares during the period. Empowered Funds LLC’s holdings in Chipotle Mexican Grill were worth $1,513,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $186,000. Creative Planning boosted its position in shares of Chipotle Mexican Grill by 82.9% during the third quarter. Creative Planning now owns 444,354 shares of the restaurant operator’s stock valued at $25,604,000 after purchasing an additional 201,397 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Chipotle Mexican Grill by 9.1% during the third quarter. Global Retirement Partners LLC now owns 36,508 shares of the restaurant operator’s stock valued at $2,104,000 after purchasing an additional 3,040 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Chipotle Mexican Grill by 2.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 145,012 shares of the restaurant operator’s stock valued at $8,356,000 after purchasing an additional 3,762 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of Chipotle Mexican Grill by 15.0% during the third quarter. Onyx Bridge Wealth Group LLC now owns 4,037 shares of the restaurant operator’s stock valued at $233,000 after purchasing an additional 526 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Loop Capital lifted their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. KeyCorp dropped their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Oppenheimer boosted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group boosted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Stock Down 1.8 %

Shares of CMG opened at $57.06 on Friday. The business has a 50-day simple moving average of $59.50 and a two-hundred day simple moving average of $58.07. The stock has a market cap of $77.74 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

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, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 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.