Versant Capital Management Inc Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Versant Capital Management Inc boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 36.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,984 shares of the restaurant operator’s stock after acquiring an additional 530 shares during the quarter. Versant Capital Management Inc’s holdings in Chipotle Mexican Grill were worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the period. MCF Advisors LLC boosted its position in Chipotle Mexican Grill by 5,525.0% during the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 442 shares during the period. ZRC Wealth Management LLC grew its holdings in Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 384 shares during the last quarter. Legacy Bridge LLC increased its position in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Legacy Bridge LLC now owns 500 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 490 shares during the period. Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at about $31,000. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CMG shares. Piper Sandler boosted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Stephens reissued an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Finally, Raymond James raised their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.55.

Chipotle Mexican Grill Stock Down 0.3 %

Shares of CMG opened at $59.70 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.08 and a twelve month high of $69.26. The company has a market capitalization of $81.35 billion, a P/E ratio of 55.57, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The firm has a 50 day moving average of $60.98 and a 200 day moving average of $80.80.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Company 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.