Monetta Financial Services Inc. Purchases New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Monetta Financial Services Inc. purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 600 shares of the restaurant operator’s stock, valued at approximately $949,000. Chipotle Mexican Grill comprises about 0.8% of Monetta Financial Services Inc.’s portfolio, making the stock its 27th largest holding.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $476,000. Qube Research & Technologies Ltd raised its position in Chipotle Mexican Grill by 1,340.2% in the 4th quarter. Qube Research & Technologies Ltd now owns 9,448 shares of the restaurant operator’s stock worth $16,517,000 after purchasing an additional 8,792 shares during the period. FDx Advisors Inc. raised its position in Chipotle Mexican Grill by 15.9% in the 4th quarter. FDx Advisors Inc. now owns 982 shares of the restaurant operator’s stock worth $1,717,000 after purchasing an additional 135 shares during the period. Fifth Third Bancorp raised its position in Chipotle Mexican Grill by 10.4% in the 4th quarter. Fifth Third Bancorp now owns 3,083 shares of the restaurant operator’s stock worth $5,390,000 after purchasing an additional 290 shares during the period. Finally, JJJ Advisors Inc. raised its position in Chipotle Mexican Grill by 140.0% in the 4th quarter. JJJ Advisors Inc. now owns 24 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 14 shares during the period. Institutional investors own 89.85% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock traded up $16.45 during midday trading on Friday, hitting $1,600.78. 181,027 shares of the stock were exchanged, compared to its average volume of 304,937. The company has a 50 day moving average price of $1,356.54 and a two-hundred day moving average price of $1,431.02. The firm has a market cap of $44.44 billion, a P/E ratio of 59.93, a P/E/G ratio of 2.06 and a beta of 1.32. Chipotle Mexican Grill, Inc. has a 1 year low of $1,196.28 and a 1 year high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 EPS for the quarter, beating the consensus estimate 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 last year, the firm posted $7.46 earnings per share. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 32.58 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 48 shares of the business’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total value of $60,842.88. Following the completion of the sale, the director now owns 927 shares of the company’s stock, valued at $1,175,028.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 48 shares of Chipotle Mexican Grill stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total transaction of $60,842.88. Following the completion of the transaction, the director now directly owns 927 shares of the company’s stock, valued at $1,175,028.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Curtis E. Garner sold 1,000 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $1,382.47, for a total value of $1,382,470.00. Following the completion of the transaction, the chief technology officer now directly owns 16,387 shares of the company’s stock, valued at $22,654,535.89. The disclosure for this sale can be found here. Insiders sold a total of 7,767 shares of company stock valued at $11,690,182 over the last quarter. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Credit Suisse Group reduced their target price on shares of Chipotle Mexican Grill from $2,200.00 to $2,000.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 19th. Oppenheimer raised their target price on shares of Chipotle Mexican Grill to $1,800.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $1,900.00 to $1,750.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Royal Bank of Canada raised their target price on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Finally, Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $2,000.00 to $1,760.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $1,831.75.

Chipotle Mexican Grill Profile

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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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