Verde Capital Management Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Verde Capital Management grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,786 shares of the restaurant operator’s stock after acquiring an additional 5,200 shares during the quarter. Verde Capital Management’s holdings in Chipotle Mexican Grill were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the period. ZRC Wealth Management LLC boosted its holdings 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 acquiring an additional 384 shares during the last quarter. Transcendent Capital Group LLC grew its holdings in 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 acquiring an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at approximately $33,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CMG shares. Wedbush restated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday. Piper Sandler upped their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Loop Capital boosted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Barclays lifted their price target on shares of 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. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $57.58 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $46.15 and a 1 year high of $69.26. The company has a market capitalization of $78.45 billion, a P/E ratio of 53.59, a P/E/G ratio of 1.89 and a beta of 1.27. The business’s 50 day simple moving average is $60.72 and its 200 day simple moving average is $57.74.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results 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. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates 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 was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.