NCP Inc. Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

NCP Inc. increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,300 shares of the restaurant operator’s stock after purchasing an additional 300 shares during the quarter. NCP Inc.’s holdings in Chipotle Mexican Grill were worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Arkadios Wealth Advisors lifted its position in Chipotle Mexican Grill by 35.3% during the third quarter. Arkadios Wealth Advisors now owns 10,451 shares of the restaurant operator’s stock valued at $602,000 after buying an additional 2,725 shares during the period. Inscription Capital LLC lifted its position in Chipotle Mexican Grill by 2.8% during the 3rd quarter. Inscription Capital LLC now owns 8,016 shares of the restaurant operator’s stock valued at $462,000 after acquiring an additional 216 shares during the period. Old Port Advisors lifted its position in Chipotle Mexican Grill by 6.5% during the 3rd quarter. Old Port Advisors now owns 6,049 shares of the restaurant operator’s stock valued at $349,000 after acquiring an additional 371 shares during the period. Pallas Capital Advisors LLC lifted its position in Chipotle Mexican Grill by 45.2% during the 3rd quarter. Pallas Capital Advisors LLC now owns 9,042 shares of the restaurant operator’s stock valued at $537,000 after acquiring an additional 2,816 shares during the period. Finally, abrdn plc lifted its holdings in shares of Chipotle Mexican Grill by 6.2% during the third quarter. abrdn plc now owns 547,501 shares of the restaurant operator’s stock valued at $31,572,000 after purchasing an additional 31,751 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMG. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Wedbush lowered their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Evercore ISI lifted their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Loop Capital lifted their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, Truist Financial lifted 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. Ten 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the 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 sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Up 2.6 %

CMG stock opened at $52.53 on Wednesday. The stock has a market cap of $71.20 billion, a P/E ratio of 47.32, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The business’s 50-day moving average price is $57.87 and its 200-day moving average price is $58.12.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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%. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.