Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Raised by Traveka Wealth LLC

Traveka Wealth LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% during the fourth quarter, Holdings Channel reports. The firm owned 7,181 shares of the restaurant operator’s stock after purchasing an additional 560 shares during the quarter. Traveka Wealth LLC’s holdings in Chipotle Mexican Grill were worth $433,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale increased its position in shares of Chipotle Mexican Grill by 3,824.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 317,175 shares of the restaurant operator’s stock worth $20,026,000 after acquiring an additional 309,093 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 5,296.6% in the second quarter. Parallel Advisors LLC now owns 20,885 shares of the restaurant operator’s stock worth $1,308,000 after buying an additional 20,498 shares during the period. Wealthspire Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 5,360.6% in the second quarter. Wealthspire Advisors LLC now owns 9,010 shares of the restaurant operator’s stock worth $564,000 after buying an additional 8,845 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 4,397.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,667,522 shares of the restaurant operator’s stock valued at $229,770,000 after buying an additional 3,585,979 shares in the last quarter. Finally, Prosperity Consulting Group LLC raised its position in Chipotle Mexican Grill by 5,071.4% during the second quarter. Prosperity Consulting Group LLC now owns 3,620 shares of the restaurant operator’s stock valued at $227,000 after buying an additional 3,550 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMG. Raymond James boosted their price objective on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Barclays boosted their price target on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. Piper Sandler increased their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI boosted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.5 %

CMG opened at $56.24 on Tuesday. The business has a 50 day moving average of $60.94 and a 200-day moving average of $57.96. The stock has a market capitalization of $76.63 billion, a price-to-earnings ratio of 52.35, a P/E/G ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $45.50 and a 1-year high of $69.26.

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

About Chipotle Mexican Grill

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.