Bourgeon Capital Management LLC Makes New $569,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bourgeon Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,433 shares of the restaurant operator’s stock, valued at approximately $569,000.

Other hedge funds have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group increased its position in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. ZRC Wealth Management LLC grew its holdings in Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 384 shares in the last quarter. Transcendent Capital Group LLC boosted its holdings in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the third quarter worth about $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in Chipotle Mexican Grill in the third quarter valued at approximately $33,000. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s 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 completion of the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CMG. TD Cowen boosted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Raymond James upped their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Barclays increased their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird raised their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $56.19 on Wednesday. The company has a market capitalization of $76.57 billion, a P/E ratio of 52.30, a P/E/G ratio of 1.94 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $46.01 and a 1-year high of $69.26. The firm’s 50 day simple moving average is $60.88 and its two-hundred day simple moving average is $57.80.

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

Chipotle Mexican Grill Company 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.