Financial Life Planners Makes New $45,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Financial Life Planners purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, Holdings Channel reports. The fund purchased 750 shares of the restaurant operator’s stock, valued at approximately $45,000.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in shares of Chipotle Mexican Grill by 1,087.9% during the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock worth $271,547,000 after buying an additional 4,315,983 shares during the period. Congress Asset Management Co. purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $109,396,000. Thrivent Financial for Lutherans boosted its holdings in Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after acquiring an additional 1,848,625 shares during the period. Raymond James & Associates grew its position in Chipotle Mexican Grill by 94.3% in the 3rd quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock valued at $171,118,000 after acquiring an additional 1,441,172 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Chipotle Mexican Grill by 5,188.9% during the third quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock worth $818,860,000 after purchasing an additional 1,394,270 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMG. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird boosted their price target 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. Piper Sandler increased their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Barclays boosted their target price on 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

Chipotle Mexican Grill Stock Up 0.0 %

CMG opened at $58.36 on Tuesday. The firm has a market cap of $79.53 billion, a price-to-earnings ratio of 54.32, a price-to-earnings-growth ratio of 2.07 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 business’s 50 day moving average is $60.50 and its two-hundred day moving average is $57.77.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated 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 owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by insiders.

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.