Certuity LLC Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Certuity LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 43.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,704 shares of the restaurant operator’s stock after buying an additional 4,149 shares during the quarter. Certuity LLC’s holdings in Chipotle Mexican Grill were worth $826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMG. Sanctuary Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $186,000. Ritholtz Wealth Management grew its stake in Chipotle Mexican Grill by 15.1% in the third quarter. Ritholtz Wealth Management now owns 6,958 shares of the restaurant operator’s stock worth $401,000 after purchasing an additional 914 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Chipotle Mexican Grill by 415.5% in the third quarter. Exchange Traded Concepts LLC now owns 19,331 shares of the restaurant operator’s stock worth $1,114,000 after purchasing an additional 15,581 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $138,000. Finally, Sapient Capital LLC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $1,083,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $56.22 on Wednesday. The stock has a 50-day simple moving average of $60.03 and a two-hundred day simple moving average of $57.99. The firm has a market capitalization of $76.60 billion, a P/E ratio of 50.64, a PEG ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating 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%. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMG. Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. 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 research report on Wednesday, February 5th. Oppenheimer increased their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Wedbush dropped their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $66.31.

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.