YANKCOM Partnership Acquires Shares of 3,459 Chipotle Mexican Grill, Inc. (NYSE:CMG)

YANKCOM Partnership acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, Holdings Channel.com reports. The fund acquired 3,459 shares of the restaurant operator’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bleakley Financial Group LLC boosted its holdings in shares of Chipotle Mexican Grill by 3.7% during the 4th quarter. Bleakley Financial Group LLC now owns 42,503 shares of the restaurant operator’s stock valued at $2,563,000 after purchasing an additional 1,532 shares during the last quarter. Trilogy Capital Inc. boosted its holdings in shares of Chipotle Mexican Grill by 21.6% during the 4th quarter. Trilogy Capital Inc. now owns 33,235 shares of the restaurant operator’s stock valued at $2,004,000 after purchasing an additional 5,904 shares during the last quarter. Econ Financial Services Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $692,000. Choreo LLC boosted its holdings in shares of Chipotle Mexican Grill by 19.3% during the 4th quarter. Choreo LLC now owns 72,526 shares of the restaurant operator’s stock valued at $4,358,000 after purchasing an additional 11,728 shares during the last quarter. Finally, Confluence Wealth Services Inc. boosted its holdings in shares of Chipotle Mexican Grill by 4.2% during the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock valued at $310,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the firm’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 sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CMG has been the subject of several recent research reports. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday. Jefferies Financial Group increased their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Truist Financial increased their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Wedbush decreased their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Ten 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Trading Down 0.4 %

CMG opened at $57.27 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The business’s fifty day simple moving average is $60.27 and its 200-day simple moving average is $57.84. The company has a market capitalization of $78.04 billion, a price-to-earnings ratio of 53.31, a PEG ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current 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.