Strategic Blueprint LLC Has $3.60 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Strategic Blueprint LLC trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,742 shares of the restaurant operator’s stock after selling 1,714 shares during the period. Strategic Blueprint LLC’s holdings in Chipotle Mexican Grill were worth $3,602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ZRC Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 384 shares during the period. Transcendent Capital Group LLC raised its holdings in Chipotle Mexican Grill by 950.0% in the 3rd 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 acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth $32,000. Capital Performance Advisors LLP bought a new stake in Chipotle Mexican Grill during the third quarter valued at about $33,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $35,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. Evercore ISI increased their target price 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. Robert W. Baird raised their price objective 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. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday. Finally, Truist Financial boosted their price objective 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. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.88.

Chipotle Mexican Grill Trading Up 0.7 %

NYSE:CMG opened at $58.21 on Wednesday. The stock has a market capitalization of $79.31 billion, a P/E ratio of 54.17, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.88 and a 1 year high of $69.26. The firm has a 50 day moving average of $60.61 and a 200-day moving average of $57.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is owned by corporate insiders.

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.