Panoramic Capital Partners LLC Acquires Shares of 4,343 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Panoramic Capital Partners LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 4,343 shares of the restaurant operator’s stock, valued at approximately $262,000.

Other hedge funds have also recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. increased its stake in Chipotle Mexican Grill by 4.3% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 31,788 shares of the restaurant operator’s stock worth $1,917,000 after acquiring an additional 1,302 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Chipotle Mexican Grill by 45.0% in the 4th quarter. Savant Capital LLC now owns 29,672 shares of the restaurant operator’s stock worth $1,789,000 after purchasing an additional 9,202 shares during the period. Stiles Financial Services Inc increased its position in shares of Chipotle Mexican Grill by 6.0% during the 4th quarter. Stiles Financial Services Inc now owns 9,950 shares of the restaurant operator’s stock valued at $600,000 after purchasing an additional 560 shares during the last quarter. Martin Capital Advisors LLP raised its holdings in Chipotle Mexican Grill by 1.5% during the 4th quarter. Martin Capital Advisors LLP now owns 38,194 shares of the restaurant operator’s stock valued at $2,303,000 after buying an additional 550 shares during the period. Finally, 17 Capital Partners LLC lifted its position in Chipotle Mexican Grill by 1.6% in the fourth quarter. 17 Capital Partners LLC now owns 14,467 shares of the restaurant operator’s stock worth $872,000 after buying an additional 225 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CMG shares. Jefferies Financial Group boosted their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Truist Financial raised their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Citigroup upped their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Insider Buying and Selling 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 shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, 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 through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Up 1.0 %

NYSE CMG opened at $57.84 on Tuesday. The firm has a market cap of $78.81 billion, a PE ratio of 52.10, a price-to-earnings-growth 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. The company has a 50 day moving average price of $60.09 and a 200 day moving average price of $57.94.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 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%. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.