Foster Victor Wealth Advisors LLC Has $7.04 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Foster Victor Wealth Advisors LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 122,353 shares of the restaurant operator’s stock after buying an additional 6,996 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $7,038,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ZRC Wealth Management LLC increased its position in Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 384 shares during the period. Transcendent Capital Group LLC grew its holdings in shares of Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth $32,000. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $33,000. Finally, Global Trust Asset Management LLC acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $35,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction 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 sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird lifted 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. Evercore ISI raised their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Ten equities research 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 has an average rating of “Moderate Buy” and an average price target of $66.88.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $57.76 on Wednesday. Chipotle Mexican Grill, Inc. has a 52-week low of $46.29 and a 52-week high of $69.26. The company’s 50 day moving average price is $60.61 and its 200-day moving average price is $57.72. The company has a market capitalization of $78.70 billion, a P/E ratio of 53.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current 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.