J.W. Cole Advisors Inc. Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

J.W. Cole Advisors Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 9.3% during the 1st quarter, HoldingsChannel reports. The firm owned 141 shares of the restaurant operator’s stock after buying an additional 12 shares during the period. J.W. Cole Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $223,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMG. Mission Wealth Management LP boosted its position in Chipotle Mexican Grill by 5.3% during the 1st quarter. Mission Wealth Management LP now owns 138 shares of the restaurant operator’s stock valued at $218,000 after acquiring an additional 7 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its position in Chipotle Mexican Grill by 3.5% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 207 shares of the restaurant operator’s stock valued at $328,000 after acquiring an additional 7 shares in the last quarter. International Assets Investment Management LLC boosted its position in Chipotle Mexican Grill by 3.8% during the 1st quarter. International Assets Investment Management LLC now owns 193 shares of the restaurant operator’s stock valued at $305,000 after acquiring an additional 7 shares in the last quarter. Norway Savings Bank boosted its position in Chipotle Mexican Grill by 2.4% during the 1st quarter. Norway Savings Bank now owns 348 shares of the restaurant operator’s stock valued at $551,000 after acquiring an additional 8 shares in the last quarter. Finally, Blue Fin Capital Inc. boosted its position in Chipotle Mexican Grill by 4.0% during the 1st quarter. Blue Fin Capital Inc. now owns 209 shares of the restaurant operator’s stock valued at $330,000 after acquiring an additional 8 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on CMG shares. Robert W. Baird reissued an “outperform” rating and issued a $1,800.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 3rd. Cowen raised their price objective on Chipotle Mexican Grill from $1,850.00 to $1,950.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley raised their price objective on Chipotle Mexican Grill from $1,768.00 to $1,808.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Oppenheimer raised their price objective on Chipotle Mexican Grill to $1,800.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Finally, Wedbush lowered their price objective on Chipotle Mexican Grill from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. Seven equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,853.76.

Insider Buying and Selling

In related news, CTO Curtis E. Garner sold 3,300 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $1,526.90, for a total value of $5,038,770.00. Following the sale, the chief technology officer now directly owns 12,321 shares in the company, valued at approximately $18,812,934.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CTO Curtis E. Garner sold 3,300 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $1,526.90, for a total value of $5,038,770.00. Following the sale, the chief technology officer now directly owns 12,321 shares in the company, valued at approximately $18,812,934.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Christopher W. Brandt sold 1,532 shares of the business’s 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 value of $2,304,066.72. Following the transaction, the chief marketing officer now owns 8,508 shares in the company, valued at $12,795,691.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,825 shares of company stock worth $15,603,167. Insiders own 1.01% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.0 %

Shares of Chipotle Mexican Grill stock opened at $1,665.28 on Thursday. Chipotle Mexican Grill, Inc. has a twelve month low of $1,196.28 and a twelve month high of $1,958.55. The business has a 50-day moving average price of $1,589.03 and a 200 day moving average price of $1,474.02. The firm has a market cap of $46.24 billion, a PE ratio of 62.35, a P/E/G ratio of 2.25 and a beta of 1.30.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share for the quarter, beating the consensus estimate of $9.03 by $0.27. Chipotle Mexican Grill had a return on equity of 35.14% and a net margin of 9.28%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the business earned $7.46 EPS. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 32.5 EPS for the current year.

Chipotle Mexican Grill Company Profile

(Get Rating)

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.

See Also

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

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