Assetmark Inc. Purchases 950 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Assetmark Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 31.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,008 shares of the restaurant operator’s stock after buying an additional 950 shares during the period. Assetmark Inc.’s holdings in Chipotle Mexican Grill were worth $7,342,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Carmel Capital Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 480.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 29 shares of the restaurant operator’s stock worth $53,000 after buying an additional 24 shares during the period. First National Bank of Hutchinson boosted its holdings in shares of Chipotle Mexican Grill by 3.9% during the 3rd quarter. First National Bank of Hutchinson now owns 376 shares of the restaurant operator’s stock worth $689,000 after buying an additional 14 shares during the period. Financial Advocates Investment Management boosted its holdings in shares of Chipotle Mexican Grill by 11.8% during the 3rd quarter. Financial Advocates Investment Management now owns 170 shares of the restaurant operator’s stock worth $311,000 after buying an additional 18 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in shares of Chipotle Mexican Grill by 17.7% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,581 shares of the restaurant operator’s stock worth $4,728,000 after buying an additional 388 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in shares of Chipotle Mexican Grill by 4.5% during the 3rd quarter. State of Michigan Retirement System now owns 18,598 shares of the restaurant operator’s stock worth $34,068,000 after buying an additional 800 shares during the period. 91.19% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.2 %

Shares of NYSE CMG opened at $2,271.90 on Friday. The firm has a market capitalization of $62.34 billion, a PE ratio of 53.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. Chipotle Mexican Grill, Inc. has a 1 year low of $1,470.05 and a 1 year high of $2,348.42. The firm’s 50-day moving average is $2,229.18 and its 200-day moving average is $2,037.28.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $11.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.46 by $0.90. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.47 billion. Chipotle Mexican Grill had a net margin of 12.27% and a return on equity of 45.26%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $9.51 EPS. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 44.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research reports. Truist Financial reissued a “buy” rating and issued a $2,280.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, October 24th. KeyCorp increased their price target on shares of Chipotle Mexican Grill from $2,200.00 to $2,250.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Royal Bank of Canada increased their price target on shares of Chipotle Mexican Grill from $2,185.00 to $2,425.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Oppenheimer increased their price target on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, Barclays increased their price target on shares of Chipotle Mexican Grill from $1,885.00 to $2,246.00 and gave the company an “equal weight” rating in a report on Wednesday, January 3rd. Eight research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $2,259.52.

Get Our Latest Stock Analysis on CMG

Insider Buying and Selling

In related news, Director Patricia Filikrushel sold 57 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $2,049.81, for a total transaction of $116,839.17. Following the transaction, the director now owns 686 shares of the company’s stock, valued at approximately $1,406,169.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Patricia Filikrushel sold 57 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $2,049.81, for a total transaction of $116,839.17. Following the transaction, the director now owns 686 shares of the company’s stock, valued at approximately $1,406,169.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,060 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,950.00, for a total transaction of $2,067,000.00. Following the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $45,526,650. The disclosure for this sale can be found here. Insiders have sold 4,733 shares of company stock valued at $10,000,321 in the last 90 days. 0.96% of the stock is owned by insiders.

Chipotle Mexican Grill Company Profile

(Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. 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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