Appleton Partners Inc. MA Has $12.49 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Appleton Partners Inc. MA trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,096 shares of the restaurant operator’s stock after selling 9,063 shares during the quarter. Appleton Partners Inc. MA’s holdings in Chipotle Mexican Grill were worth $12,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Sanctuary Advisors LLC bought a new stake in Chipotle Mexican Grill in the second quarter valued at about $186,000. Brookstone Capital Management grew its position in shares of Chipotle Mexican Grill by 71.6% during the 3rd quarter. Brookstone Capital Management now owns 46,639 shares of the restaurant operator’s stock worth $2,687,000 after buying an additional 19,464 shares during the period. Wedmont Private Capital increased its stake in shares of Chipotle Mexican Grill by 9.2% in the 3rd quarter. Wedmont Private Capital now owns 29,947 shares of the restaurant operator’s stock valued at $1,699,000 after acquiring an additional 2,521 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $171,000. Finally, Watts Gwilliam & Co. LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $510,000. 91.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent analyst reports. BMO Capital Markets lifted 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. Jefferies Financial Group boosted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Piper Sandler lowered their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Trading Down 0.1 %

NYSE:CMG opened at $57.29 on Friday. The stock has a 50 day simple moving average of $60.17 and a 200 day simple moving average of $57.83. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The stock has a market cap of $78.06 billion, a P/E ratio of 53.32, a PEG ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.02% of the company’s stock.

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.