HB Wealth Management LLC Purchases 3,085 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

HB Wealth Management LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,105 shares of the restaurant operator’s stock after acquiring an additional 3,085 shares during the period. HB Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $2,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Arkadios Wealth Advisors grew its position in shares of Chipotle Mexican Grill by 4.4% in the 4th quarter. Arkadios Wealth Advisors now owns 10,916 shares of the restaurant operator’s stock valued at $658,000 after acquiring an additional 465 shares during the period. Arthur M. Cohen & Associates LLC grew its position in shares of Chipotle Mexican Grill by 0.8% in the 4th quarter. Arthur M. Cohen & Associates LLC now owns 59,753 shares of the restaurant operator’s stock valued at $3,603,000 after acquiring an additional 463 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $56,000. Merit Financial Group LLC grew its position in shares of Chipotle Mexican Grill by 20.8% in the 4th quarter. Merit Financial Group LLC now owns 44,996 shares of the restaurant operator’s stock valued at $2,713,000 after acquiring an additional 7,740 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 58.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,961 shares of the restaurant operator’s stock worth $480,000 after buying an additional 2,926 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Down 1.4 %

Shares of Chipotle Mexican Grill stock opened at $57.52 on Monday. The firm has a market capitalization 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 firm’s 50 day moving average is $60.91 and its 200 day moving average is $57.85. Chipotle Mexican Grill, Inc. has a 1 year low of $46.01 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced 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 company 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%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CMG. 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 research note on Tuesday, January 7th. Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Barclays raised their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Wedbush restated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, Loop Capital raised their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued 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 a consensus target price of $66.81.

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.