Thompson Davis & CO. Inc. Takes $223,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Thompson Davis & CO. Inc. purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,700 shares of the restaurant operator’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMG. Transcendent Capital Group LLC lifted its stake in shares of Chipotle Mexican Grill by 950.0% during the 3rd 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 last quarter. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $33,000. Global Trust Asset Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $35,000. Sound Income Strategies LLC lifted its stake in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $37,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $51.47 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The stock’s fifty day moving average price is $58.64 and its 200 day moving average price is $58.11. The company has a market cap of $69.76 billion, a price-to-earnings ratio of 46.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CMG shares. Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. TD Cowen lifted their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets lifted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.02% of the company’s stock.

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.