Ballentine Partners LLC Buys 555 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ballentine Partners LLC raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,648 shares of the restaurant operator’s stock after buying an additional 555 shares during the quarter. Ballentine Partners LLC’s holdings in Chipotle Mexican Grill were worth $944,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AE Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 8,633.1% in the 2nd quarter. AE Wealth Management LLC now owns 12,401 shares of the restaurant operator’s stock worth $777,000 after purchasing an additional 12,259 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Chipotle Mexican Grill by 464.5% in the second quarter. Thrivent Financial for Lutherans now owns 274,153 shares of the restaurant operator’s stock worth $17,175,000 after purchasing an additional 225,589 shares during the period. Public Sector Pension Investment Board boosted its stake in Chipotle Mexican Grill by 8,266.2% during the second quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock valued at $3,192,000 after buying an additional 50,341 shares during the period. Evergreen Capital Management LLC grew its position in Chipotle Mexican Grill by 5,714.0% during the second quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock worth $313,000 after buying an additional 4,914 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Chipotle Mexican Grill by 3,633.9% in the 2nd quarter. Bank of Montreal Can now owns 1,418,998 shares of the restaurant operator’s stock worth $88,900,000 after acquiring an additional 1,380,995 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMG shares. Wedbush reiterated an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday. Stephens reissued an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Raymond James raised 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. Royal Bank of Canada upped their target price on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Finally, Piper Sandler lifted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Ten equities research 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.81.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $55.93 on Thursday. The stock has a market cap of $76.21 billion, a P/E ratio of 52.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.01 and a fifty-two week high of $69.26. The stock has a 50 day simple moving average of $60.79 and a two-hundred day simple moving average of $57.75.

Chipotle Mexican Grill (NYSE:CMG) last announced 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. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share 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.