M Holdings Securities Inc. Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

M Holdings Securities Inc. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) during the 1st quarter, Holdings Channel.com reports. The firm bought 212 shares of the restaurant operator’s stock, valued at approximately $335,000.

Several other hedge funds have also recently bought and sold shares of the business. James Reed Financial Services Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $27,000. Core Alternative Capital boosted its holdings in Chipotle Mexican Grill by 433.3% during the first quarter. Core Alternative Capital now owns 16 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 13 shares during the period. Riverview Trust Co bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $27,000. Byrne Asset Management LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $31,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $30,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Scott Boatwright sold 3,106 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $1,724.50, for a total value of $5,356,297.00. Following the transaction, the insider now directly owns 8,647 shares of the company’s stock, valued at approximately $14,911,751.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Chipotle Mexican Grill news, insider Scott Boatwright sold 3,106 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $1,724.50, for a total transaction of $5,356,297.00. Following the transaction, the insider now owns 8,647 shares in the company, valued at approximately $14,911,751.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Christopher W. Brandt sold 1,532 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the transaction, the chief marketing officer now owns 8,508 shares in the company, valued at approximately $12,795,691.68. The disclosure for this sale can be found here. Insiders have sold a total of 9,825 shares of company stock valued at $15,603,167 in the last three months. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMG shares. Oppenheimer upped their price target on shares of Chipotle Mexican Grill to $1,800.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Royal Bank of Canada increased their target price on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. UBS Group reduced their target price on shares of Chipotle Mexican Grill from $2,100.00 to $1,900.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Stifel Nicolaus increased their target price on shares of Chipotle Mexican Grill from $1,550.00 to $1,750.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Finally, Barclays increased their price target on shares of Chipotle Mexican Grill from $1,335.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Seven analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $1,837.55.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $1,693.57 on Friday. The firm’s 50-day moving average is $1,564.17 and its 200-day moving average is $1,469.37. The stock has a market cap of $47.01 billion, a price-to-earnings ratio of 63.41, a PEG ratio of 2.26 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a 52-week low of $1,196.28 and a 52-week high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last issued its earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period in the previous year, the business posted $7.46 EPS. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 32.5 EPS for the current fiscal year.

About Chipotle Mexican Grill

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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