Schechter Investment Advisors LLC Buys 220 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Schechter Investment Advisors LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,690 shares of the restaurant operator’s stock after purchasing an additional 220 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMG. US Bancorp DE increased its holdings in Chipotle Mexican Grill by 12.9% in the third quarter. US Bancorp DE now owns 115,987 shares of the restaurant operator’s stock valued at $6,683,000 after purchasing an additional 13,237 shares during the last quarter. Stephens Inc. AR bought a new stake in Chipotle Mexican Grill in the third quarter valued at about $341,000. Focus Financial Network Inc. increased its holdings in Chipotle Mexican Grill by 9.3% in the third quarter. Focus Financial Network Inc. now owns 5,405 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 462 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Chipotle Mexican Grill by 4.2% in the third quarter. Farther Finance Advisors LLC now owns 13,561 shares of the restaurant operator’s stock valued at $781,000 after purchasing an additional 545 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in Chipotle Mexican Grill by 6.8% in the third quarter. Chicago Partners Investment Group LLC now owns 12,218 shares of the restaurant operator’s stock valued at $721,000 after purchasing an additional 775 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $54.34 on Tuesday. The stock has a 50 day moving average price of $57.23 and a 200 day moving average price of $58.13. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The stock has a market capitalization of $73.65 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate 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, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Raymond James dropped their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Citigroup boosted their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their target price for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Piper Sandler decreased their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

Insider Activity at Chipotle Mexican Grill

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

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.