Crestwood Advisors Group LLC Acquires 1,121 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Crestwood Advisors Group LLC increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 25.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,491 shares of the restaurant operator’s stock after buying an additional 1,121 shares during the period. Crestwood Advisors Group LLC’s holdings in Chipotle Mexican Grill were worth $331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in Chipotle Mexican Grill by 69.4% in the 4th quarter. IFP Advisors Inc now owns 59,226 shares of the restaurant operator’s stock worth $3,571,000 after purchasing an additional 24,270 shares in the last quarter. WealthShield Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.2% during the 4th quarter. WealthShield Partners LLC now owns 49,291 shares of the restaurant operator’s stock valued at $2,972,000 after buying an additional 1,998 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $4,237,000. Howard Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 8.5% during the 4th quarter. Howard Capital Management Inc. now owns 7,743 shares of the restaurant operator’s stock valued at $467,000 after buying an additional 609 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its position in shares of Chipotle Mexican Grill by 17.6% during the 4th quarter. Wealthspire Advisors LLC now owns 11,909 shares of the restaurant operator’s stock valued at $718,000 after buying an additional 1,786 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 2.6 %

Shares of CMG opened at $52.53 on Wednesday. The firm’s 50-day moving average price is $57.87 and its 200-day moving average price is $58.12. The firm has a market capitalization of $71.20 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 net margin of 13.56% and a return on equity of 42.92%. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several research reports. 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 report on Wednesday, February 5th. Truist Financial raised their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Oppenheimer raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. TD Cowen raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research 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 given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.31.

Insider Activity at Chipotle Mexican Grill

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 shares were sold at an average price of $65.01, for a total value 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 approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.02% of the stock is currently owned by corporate insiders.

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.