Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Cut by Transform Wealth LLC

Posted by on Mar 23rd, 2023

Transform Wealth LLC decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181 shares of the restaurant operator’s stock after selling 10 shares during the quarter. Transform Wealth LLC’s holdings in Chipotle Mexican Grill were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Chipotle Mexican Grill by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,620,725 shares of the restaurant operator’s stock worth $3,938,320,000 after purchasing an additional 114,699 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Chipotle Mexican Grill by 34.1% during the 2nd quarter. Brown Advisory Inc. now owns 201,906 shares of the restaurant operator’s stock worth $263,944,000 after purchasing an additional 51,360 shares during the last quarter. Sei Investments Co. increased its stake in shares of Chipotle Mexican Grill by 68.2% during the 2nd quarter. Sei Investments Co. now owns 126,255 shares of the restaurant operator’s stock worth $164,669,000 after purchasing an additional 51,211 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Chipotle Mexican Grill by 10.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 505,220 shares of the restaurant operator’s stock worth $759,224,000 after purchasing an additional 48,865 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of Chipotle Mexican Grill by 106.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 79,607 shares of the restaurant operator’s stock worth $119,630,000 after purchasing an additional 41,020 shares during the last quarter. Hedge funds and other institutional investors own 93.26% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $1,622.47 on Thursday. The company has a 50-day moving average of $1,581.30 and a 200-day moving average of $1,539.97. The company has a market capitalization of $44.81 billion, a price-to-earnings ratio of 50.61, a PEG ratio of 1.48 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a 52 week low of $1,196.28 and a 52 week high of $1,754.56.

Chipotle Mexican Grill (NYSE:CMG – Get Rating) last released its quarterly earnings data on Tuesday, February 7th. The restaurant operator reported $8.29 EPS for the quarter, missing analysts’ consensus estimates of $8.88 by ($0.59). Chipotle Mexican Grill had a return on equity of 40.96% and a net margin of 10.41%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the business posted $5.58 earnings per share. Chipotle Mexican Grill’s revenue was up 11.2% on a year-over-year basis. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 41.38 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Chipotle Mexican Grill from $1,800.00 to $1,900.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. Citigroup raised their target price on shares of Chipotle Mexican Grill from $1,986.00 to $2,084.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. BMO Capital Markets raised their target price on shares of Chipotle Mexican Grill from $1,600.00 to $1,800.00 and gave the company a “market perform” rating in a research note on Wednesday, February 8th. Wedbush reiterated an “outperform” rating and issued a $2,080.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, March 17th. Finally, Oppenheimer raised their target price on shares of Chipotle Mexican Grill from $1,725.00 to $1,875.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Six equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $1,844.79.

Insider Activity at Chipotle Mexican Grill

In related news, CMO Christopher W. Brandt sold 584 shares of Chipotle Mexican Grill stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $1,595.00, for a total transaction of $931,480.00. Following the completion of the transaction, the chief marketing officer now directly owns 7,782 shares of the company’s stock, valued at approximately $12,412,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Christopher W. Brandt sold 584 shares of Chipotle Mexican Grill stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $1,595.00, for a total transaction of $931,480.00. Following the completion of the transaction, the chief marketing officer now directly owns 7,782 shares of the company’s stock, valued at approximately $12,412,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian R. Niccol sold 2,193 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $1,633.11, for a total transaction of $3,581,410.23. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $38,128,219.17. The disclosure for this sale can be found here. Insiders sold 9,404 shares of company stock valued at $15,317,901 in the last ninety days. Insiders own 1.01% of the company’s stock.

Chipotle Mexican Grill Profile

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Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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