Global Wealth Management Investment Advisory Inc. Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Global Wealth Management Investment Advisory Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,788 shares of the restaurant operator’s stock after buying an additional 1,302 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Chipotle Mexican Grill were worth $1,917,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC boosted its stake in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $33,000. Global Trust Asset Management LLC purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC raised its position in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CMG has been the subject of several research analyst reports. Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Loop Capital lifted their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. TD Cowen increased their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $57.29 on Monday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The company has a 50-day moving average of $60.09 and a 200 day moving average of $57.90. The firm has a market cap of $78.06 billion, a PE ratio of 51.60, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

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.