WT Wealth Management Has $2.49 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

WT Wealth Management grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,324 shares of the restaurant operator’s stock after buying an additional 1,734 shares during the period. WT Wealth Management’s holdings in Chipotle Mexican Grill were worth $2,492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC boosted its position in shares of 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 purchasing an additional 475 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $33,000. Sound Income Strategies LLC boosted its position in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $37,000. Finally, Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $45,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’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 transaction, the insider now owns 185,792 shares of the company’s stock, valued at $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 available through this hyperlink. Company insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. Citigroup raised their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Robert W. Baird raised their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Stephens reduced their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Jefferies Financial Group lifted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Oppenheimer lifted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $53.43 on Thursday. The stock’s 50-day simple moving average is $57.71 and its 200 day simple moving average is $58.09. The company has a market cap of $72.41 billion, a P/E ratio of 48.12, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.