Peloton Wealth Strategists Purchases 1,400 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Peloton Wealth Strategists grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 64,675 shares of the restaurant operator’s stock after acquiring an additional 1,400 shares during the period. Chipotle Mexican Grill accounts for approximately 1.6% of Peloton Wealth Strategists’ investment portfolio, making the stock its 23rd biggest holding. Peloton Wealth Strategists’ holdings in Chipotle Mexican Grill were worth $3,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CMG. Alphinity Investment Management Pty Ltd bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $692,701,000. Congress Asset Management Co. bought a new position in shares of Chipotle Mexican Grill in the third quarter worth approximately $109,396,000. Thrivent Financial for Lutherans lifted its holdings in shares of Chipotle Mexican Grill by 674.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after buying an additional 1,848,625 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Chipotle Mexican Grill by 123.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after buying an additional 1,364,635 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 224.2% in the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after buying an additional 1,173,207 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 1.2 %

CMG stock opened at $52.76 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The stock has a market capitalization of $71.50 billion, a price-to-earnings ratio of 47.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm’s fifty day simple moving average is $57.53 and its two-hundred day simple moving average is $58.05.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 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%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMG. Truist Financial boosted 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. Stephens lowered their target price on shares of 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. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Evercore ISI boosted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Citigroup boosted their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Ten investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s 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 transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.