Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 28.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 751 shares of the restaurant operator’s stock after purchasing an additional 165 shares during the period. Kestra Private Wealth Services LLC’s holdings in Chipotle Mexican Grill were worth $1,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Core Alternative Capital raised its position in Chipotle Mexican Grill by 433.3% during the 1st quarter. Core Alternative Capital now owns 16 shares of the restaurant operator’s stock worth $25,000 after buying an additional 13 shares during the last quarter. Confluence Wealth Services Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $27,000. James Reed Financial Services Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $27,000. Riverview Trust Co purchased a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $30,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.0 %

Shares of CMG stock opened at $1,693.57 on Friday. The company’s 50-day moving average price is $1,557.09 and its 200-day moving average price is $1,467.94. The stock has a market cap of $47.02 billion, a price-to-earnings ratio of 63.41, a PEG ratio of 2.27 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a twelve month low of $1,196.28 and a twelve month high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period last year, the company posted $7.46 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 32.5 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. Raymond James reduced their price target on shares of Chipotle Mexican Grill from $1,850.00 to $1,700.00 in a research report on Tuesday, July 19th. Citigroup lifted their target price on shares of Chipotle Mexican Grill from $1,742.00 to $1,969.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Stifel Nicolaus lifted their target price on shares of Chipotle Mexican Grill from $1,550.00 to $1,750.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Wedbush cut their target price on shares of Chipotle Mexican Grill from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Chipotle Mexican Grill from $1,505.00 to $1,503.00 and set a “hold” rating for the company in a report on Wednesday, July 27th. Seven investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,837.55.

Insider Activity at Chipotle Mexican Grill

In related news, insider Marissa Andrada sold 251 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $1,575.00, for a total value of $395,325.00. Following the sale, the insider now directly owns 4,690 shares in the company, valued at approximately $7,386,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Marissa Andrada sold 251 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $1,575.00, for a total value of $395,325.00. Following the sale, the insider now directly owns 4,690 shares in the company, valued at approximately $7,386,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Curtis E. Garner sold 3,300 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $1,526.90, for a total transaction of $5,038,770.00. Following the completion of the sale, the chief technology officer now owns 12,321 shares in the company, valued at $18,812,934.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,825 shares of company stock worth $15,603,167. Company insiders own 1.00% of the company’s stock.

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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