Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Lifted by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 160.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 399 shares of the restaurant operator’s stock after acquiring an additional 246 shares during the quarter. Park Avenue Securities LLC’s holdings in Chipotle Mexican Grill were worth $631,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CMG. Mission Wealth Management LP increased its holdings in shares of Chipotle Mexican Grill by 5.6% during the 4th quarter. Mission Wealth Management LP now owns 131 shares of the restaurant operator’s stock valued at $229,000 after acquiring an additional 7 shares during the last quarter. Arbor Capital Management Inc. ADV increased its holdings in shares of Chipotle Mexican Grill by 3.5% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 207 shares of the restaurant operator’s stock valued at $328,000 after acquiring an additional 7 shares during the last quarter. Norway Savings Bank increased its holdings in shares of Chipotle Mexican Grill by 2.4% during the 1st quarter. Norway Savings Bank now owns 348 shares of the restaurant operator’s stock valued at $551,000 after acquiring an additional 8 shares during the last quarter. Blue Fin Capital Inc. increased its holdings in shares of Chipotle Mexican Grill by 4.0% during the 1st quarter. Blue Fin Capital Inc. now owns 209 shares of the restaurant operator’s stock valued at $330,000 after acquiring an additional 8 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in shares of Chipotle Mexican Grill by 66.7% during the 1st quarter. AdvisorNet Financial Inc now owns 20 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 89.85% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of analyst reports. Oppenheimer lowered their price objective on Chipotle Mexican Grill from $1,925.00 to $1,725.00 in a report on Thursday, July 14th. KeyCorp increased their target price on Chipotle Mexican Grill from $1,850.00 to $1,900.00 and gave the company an “overweight” rating in a research note on Thursday, April 14th. Wedbush decreased their target price on Chipotle Mexican Grill from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. StockNews.com started coverage on Chipotle Mexican Grill in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Raymond James decreased their target price on Chipotle Mexican Grill from $1,850.00 to $1,700.00 in a research note on Tuesday, July 19th. Eight analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,876.54.

Insider Activity at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 48 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total transaction of $60,842.88. Following the completion of the sale, the director now directly owns 927 shares of the company’s stock, valued at approximately $1,175,028.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robin S. Hickenlooper sold 48 shares of Chipotle Mexican Grill stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total value of $60,842.88. Following the completion of the sale, the director now directly owns 927 shares of the company’s stock, valued at approximately $1,175,028.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Curtis E. Garner sold 1,000 shares of Chipotle Mexican Grill stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $1,382.47, for a total value of $1,382,470.00. Following the completion of the sale, the chief technology officer now directly owns 16,387 shares of the company’s stock, valued at $22,654,535.89. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock opened at $1,347.33 on Friday. The business has a fifty day moving average price of $1,314.41 and a 200 day moving average price of $1,432.24. Chipotle Mexican Grill, Inc. has a fifty-two week low of $1,196.28 and a fifty-two week high of $1,958.55. The stock has a market capitalization of $37.67 billion, a price-to-earnings ratio of 56.00, a P/E/G ratio of 1.90 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The restaurant operator reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.07. Chipotle Mexican Grill had a return on equity of 32.88% and a net margin of 8.74%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm posted $5.36 EPS. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 31.1 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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