Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Traveka Wealth LLC

Traveka Wealth LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,181 shares of the restaurant operator’s stock after buying an additional 560 shares during the period. Traveka Wealth LLC’s holdings in Chipotle Mexican Grill were worth $433,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CMG. Oliver Lagore Vanvalin Investment Group boosted its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. ZRC Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 384 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $31,000. Transcendent Capital Group LLC grew its position in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the third quarter worth $32,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMG. TD Cowen raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price target on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Truist Financial upped their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Stephens reiterated an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Finally, Loop Capital boosted their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Stock Down 0.5 %

Shares of CMG opened at $56.24 on Tuesday. The firm has a market capitalization of $76.63 billion, a PE ratio of 52.35, a P/E/G ratio of 2.64 and a beta of 1.27. The firm has a 50-day moving average price of $60.94 and a 200 day moving average price of $57.96. Chipotle Mexican Grill, Inc. has a 52-week low of $45.50 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the firm posted $0.23 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is owned by insiders.

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.