Commerzbank Aktiengesellschaft FI Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Commerzbank Aktiengesellschaft FI raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,715 shares of the restaurant operator’s stock after acquiring an additional 1,511 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Chipotle Mexican Grill were worth $404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CMG. Golden State Wealth Management LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $371,000. U.S. Capital Wealth Advisors LLC increased its holdings in Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after acquiring an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $715,000. Hantz Financial Services Inc. lifted its holdings in Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares in the last quarter. Finally, L & S Advisors Inc bought a new position in shares of Chipotle Mexican Grill in the third quarter worth approximately $3,256,000. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other 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 transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on CMG shares. Wells Fargo & Company decreased their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price target for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $65.00 to $70.00 in a research note on Monday. Finally, Truist Financial upped their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $66.60.

Chipotle Mexican Grill Trading Up 0.9 %

CMG stock opened at $53.62 on Thursday. The stock has a market cap of $72.68 billion, a PE ratio of 48.30, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The company has a 50-day moving average price of $56.88 and a 200 day moving average price of $58.10.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill 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.