Chicago Partners Investment Group LLC Purchases 3,579 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chicago Partners Investment Group LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,797 shares of the restaurant operator’s stock after acquiring an additional 3,579 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Chipotle Mexican Grill were worth $915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC boosted its position 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 acquiring an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth $33,000. Global Trust Asset Management LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth $35,000. Finally, Sound Income Strategies LLC raised its position in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of a number of recent research reports. Raymond James dropped their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Wedbush reissued an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, January 22nd. Wells Fargo & Company lifted their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Truist Financial increased their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets upped their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $58.34 on Monday. The stock has a market capitalization of $79.49 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 2.05 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The stock’s 50 day moving average price is $60.50 and its two-hundred day moving average price is $57.75.

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.