Montrusco Bolton Investments Inc. Buys 16,806 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Montrusco Bolton Investments Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,470 shares of the restaurant operator’s stock after buying an additional 16,806 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Chipotle Mexican Grill were worth $5,395,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. ZRC Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Transcendent Capital Group LLC raised its stake in shares of Chipotle Mexican Grill by 950.0% in the third 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 in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the third quarter worth $32,000. Capital Performance Advisors LLP bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $33,000. Finally, Global Trust Asset Management LLC bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $35,000. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. Truist Financial lifted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Piper Sandler lifted their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. TD Cowen increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price target 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. Finally, Evercore ISI increased their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

Chipotle Mexican Grill Trading Down 0.9 %

Chipotle Mexican Grill stock opened at $57.76 on Wednesday. The company has a market cap of $78.70 billion, a PE ratio of 53.76, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $46.29 and a 1 year high of $69.26. The company’s 50-day moving average is $60.61 and its two-hundred day moving average is $57.72.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the business posted $0.23 earnings per share. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.