Clarus Wealth Advisors Has $755,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Clarus Wealth Advisors boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,428 shares of the restaurant operator’s stock after buying an additional 2,032 shares during the period. Clarus Wealth Advisors’ holdings in Chipotle Mexican Grill were worth $755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealthspire Advisors LLC raised its position in 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 purchasing an additional 8,845 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Chipotle Mexican Grill by 6,212.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 13,950 shares of the restaurant operator’s stock valued at $874,000 after purchasing an additional 13,729 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 7,044.7% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 62,230 shares of the restaurant operator’s stock worth $3,899,000 after buying an additional 61,359 shares in the last quarter. Rathbones Group PLC lifted its position in shares of Chipotle Mexican Grill by 4,697.3% during the 2nd quarter. Rathbones Group PLC now owns 3,550 shares of the restaurant operator’s stock worth $222,000 after buying an additional 3,476 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in Chipotle Mexican Grill by 4,408.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,050 shares of the restaurant operator’s stock valued at $316,000 after buying an additional 4,938 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the firm’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 sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial increased their price target 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. Evercore ISI lifted their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Oppenheimer increased 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, Stephens reaffirmed an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Trading Up 0.2 %

Shares of Chipotle Mexican Grill stock opened at $56.35 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $45.50 and a 12 month high of $69.26. The company has a market capitalization of $76.78 billion, a PE ratio of 52.45, a PEG ratio of 2.64 and a beta of 1.27. The stock’s fifty day simple moving average is $60.94 and its 200 day simple moving average is $57.91.

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