Berbice Capital Management LLC Makes New $84,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Berbice Capital Management LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,400 shares of the restaurant operator’s stock, valued at approximately $84,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its position in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the period. RFG Advisory LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $342,000. Sustainable Insight Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 156.0% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 226,083 shares of the restaurant operator’s stock valued at $13,633,000 after acquiring an additional 137,783 shares during the period. Conway Capital Management Inc. boosted its position in shares of Chipotle Mexican Grill by 5.3% in the fourth quarter. Conway Capital Management Inc. now owns 15,950 shares of the restaurant operator’s stock valued at $962,000 after acquiring an additional 800 shares during the period. Finally, Montecito Bank & Trust boosted its position in shares of Chipotle Mexican Grill by 42.3% in the fourth quarter. Montecito Bank & Trust now owns 8,215 shares of the restaurant operator’s stock valued at $495,000 after acquiring an additional 2,440 shares during the period. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CMG shares. Piper Sandler raised their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Wedbush reiterated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday. Barclays lifted their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Finally, Stephens reiterated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Stock Down 1.3 %

NYSE:CMG opened at $56.80 on Friday. The stock has a market cap of $77.40 billion, a P/E ratio of 52.94, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. The firm’s fifty day simple moving average is $60.72 and its 200 day simple moving average is $57.74. Chipotle Mexican Grill, Inc. has a twelve month low of $46.15 and a twelve month high of $69.26.

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