Kingswood Wealth Advisors LLC Buys 4,649 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kingswood Wealth Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 104.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,098 shares of the restaurant operator’s stock after purchasing an additional 4,649 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $466,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill in the 4th quarter valued at $38,000. Mascagni Wealth Management Inc. bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Chipotle Mexican Grill by 312.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 625 shares during the last quarter. Finally, Curio Wealth LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $51,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares of the company’s stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CMG shares. Citigroup dropped their price target on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Barclays reduced their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Piper Sandler cut their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial cut their target price on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $60.79.

Chipotle Mexican Grill Stock Up 1.9%

Chipotle Mexican Grill stock opened at $52.81 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74. The firm’s 50-day simple moving average is $50.63 and its 200 day simple moving average is $53.94. The firm has a market capitalization of $71.15 billion, a PE ratio of 46.73, a P/E/G ratio of 2.62 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $13.37 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.