Synergy Financial Group LTD Buys 738 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Synergy Financial Group LTD raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 36,341 shares of the restaurant operator’s stock after purchasing an additional 738 shares during the quarter. Chipotle Mexican Grill accounts for approximately 1.8% of Synergy Financial Group LTD’s portfolio, making the stock its 15th biggest holding. Synergy Financial Group LTD’s holdings in Chipotle Mexican Grill were worth $2,191,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after acquiring an additional 438,007 shares in the last quarter. Franklin Resources Inc. increased its holdings in Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after purchasing an additional 381,873 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after buying an additional 518,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Chipotle Mexican Grill by 11.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after buying an additional 858,704 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Chipotle Mexican Grill by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock worth $472,505,000 after buying an additional 132,756 shares during the period. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CMG shares. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price objective for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Truist Financial raised their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Piper Sandler cut their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Ten research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $51.15 on Tuesday. The company has a 50 day moving average price of $58.11 and a 200-day moving average price of $58.14. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The stock has a market capitalization of $69.32 billion, a PE ratio of 46.07, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results 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 return on equity of 42.92% and a net margin of 13.56%. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the company’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 transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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.