Empirical Asset Management LLC Acquires 72,552 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Empirical Asset Management LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 237.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,141 shares of the restaurant operator’s stock after purchasing an additional 72,552 shares during the period. Empirical Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $6,219,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group boosted its position in 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 valued at $25,000 after buying an additional 392 shares during the period. ZRC Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 384.0% during the third 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 in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $31,000. Transcendent Capital Group LLC boosted its holdings 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 during the period. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $32,000. 91.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. 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. Wedbush reaffirmed an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Wells Fargo & Company raised their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, TD Cowen boosted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Trading Up 1.7 %

Shares of Chipotle Mexican Grill stock opened at $58.36 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $45.62 and a 12-month high of $69.26. The firm’s 50 day simple moving average is $60.93 and its two-hundred day simple moving average is $57.91. The firm has a market capitalization of $79.51 billion, a price-to-earnings ratio of 54.31, a PEG ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its 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 firm had revenue of $2.79 billion for 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%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. On average, sell-side analysts predict 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.