Duncker Streett & Co. Inc. Boosts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Duncker Streett & Co. Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 69,288 shares of the restaurant operator’s stock after acquiring an additional 5,910 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Chipotle Mexican Grill were worth $4,178,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CMG. Transcendent Capital Group LLC increased its stake in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares during the period. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill during the 3rd quarter worth about $33,000. Sound Income Strategies LLC grew its holdings in 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 in the last quarter. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter worth about $37,000. Finally, Financial Life Planners bought a new position in Chipotle Mexican Grill during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.5 %

CMG opened at $54.04 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The firm has a market capitalization of $73.25 billion, a PE ratio of 48.68, a P/E/G ratio of 2.04 and a beta of 1.27. The firm has a 50 day moving average of $57.38 and a two-hundred day moving average of $58.08.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the topic of several recent research reports. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Barclays dropped their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Jefferies Financial Group increased their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.31.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $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 is available through the SEC website. 1.02% of the stock is currently owned by insiders.

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.