Choreo LLC Purchases 11,728 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Choreo LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,526 shares of the restaurant operator’s stock after acquiring an additional 11,728 shares during the period. Choreo LLC’s holdings in Chipotle Mexican Grill were worth $4,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $186,000. Czech National Bank lifted its stake in Chipotle Mexican Grill by 6.6% in the third quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock valued at $16,075,000 after buying an additional 17,276 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Chipotle Mexican Grill by 4,408.4% in the third quarter. Mather Group LLC. now owns 12,398 shares of the restaurant operator’s stock valued at $714,000 after buying an additional 12,123 shares during the period. Kesler Norman & Wride LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter worth $708,000. Finally, Axiom Advisory LLC increased its position in shares of Chipotle Mexican Grill by 1,423.8% during the third quarter. Axiom Advisory LLC now owns 9,600 shares of the restaurant operator’s stock worth $531,000 after acquiring an additional 8,970 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CMG shares. Stephens reduced their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday. Piper Sandler reduced their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday. Wedbush dropped their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Ten 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’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’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 value of $286,304.04. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 2.5 %

CMG opened at $57.54 on Thursday. The stock’s fifty day simple moving average is $60.36 and its 200 day simple moving average is $57.84. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The stock has a market cap of $78.41 billion, a PE ratio of 53.56, a price-to-earnings-growth 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 the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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.