Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Increased by Oak Ridge Investments LLC

Oak Ridge Investments LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,260 shares of the restaurant operator’s stock after acquiring an additional 453 shares during the period. Oak Ridge Investments LLC’s holdings in Chipotle Mexican Grill were worth $1,825,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. grew its holdings in Chipotle Mexican Grill by 3,447.7% during the second quarter. Edgestream Partners L.P. now owns 5,428 shares of the restaurant operator’s stock worth $340,000 after acquiring an additional 5,275 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Chipotle Mexican Grill by 5,230.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 117,915 shares of the restaurant operator’s stock worth $7,387,000 after purchasing an additional 115,703 shares in the last quarter. XTX Topco Ltd acquired a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $653,000. MQS Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth approximately $252,000. Finally, Brighton Jones LLC grew its position in Chipotle Mexican Grill by 5,619.8% in the second quarter. Brighton Jones LLC now owns 11,268 shares of the restaurant operator’s stock worth $706,000 after buying an additional 11,071 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.4 %

Shares of CMG stock opened at $57.52 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $46.01 and a 12 month high of $69.26. The company has a market cap of $78.38 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The business’s 50 day moving average is $60.91 and its two-hundred day moving average is $57.88.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CMG shares. Wells Fargo & Company increased their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer raised their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Raymond James boosted their price target on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Truist Financial raised their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s 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 sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is owned by 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.