Jamison Private Wealth Management Inc. Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jamison Private Wealth Management Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 841.1% in the fourth quarter, HoldingsChannel reports. The firm owned 9,882 shares of the restaurant operator’s stock after buying an additional 8,832 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Chipotle Mexican Grill were worth $596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. lifted its holdings in shares of Chipotle Mexican Grill by 4.0% in the 4th quarter. First Citizens Bank & Trust Co. now owns 12,272 shares of the restaurant operator’s stock valued at $740,000 after buying an additional 468 shares during the period. Fifth Third Bancorp raised its position in Chipotle Mexican Grill by 0.3% during the fourth quarter. Fifth Third Bancorp now owns 705,262 shares of the restaurant operator’s stock valued at $42,527,000 after acquiring an additional 2,223 shares in the last quarter. Gradient Investments LLC lifted its holdings in Chipotle Mexican Grill by 4.0% in the fourth quarter. Gradient Investments LLC now owns 22,244 shares of the restaurant operator’s stock valued at $1,341,000 after acquiring an additional 856 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Chipotle Mexican Grill by 13.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,463 shares of the restaurant operator’s stock worth $149,000 after purchasing an additional 283 shares in the last quarter. Finally, CX Institutional grew its stake in shares of Chipotle Mexican Grill by 6.2% during the 4th quarter. CX Institutional now owns 7,352 shares of the restaurant operator’s stock worth $443,000 after purchasing an additional 431 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday. Raymond James increased their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. TD Cowen raised their target price 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. Truist Financial upped their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Ten investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Stock Down 1.6 %

CMG opened at $56.61 on Friday. The firm has a market cap of $77.14 billion, a P/E ratio of 52.69, a P/E/G ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $46.15 and a 52 week high of $69.26. The business has a fifty day simple moving average of $60.64 and a 200-day simple moving average of $57.72.

Chipotle Mexican Grill (NYSE:CMG) last released its 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 company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.02% of the company’s stock.

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.