Legacy Wealth Asset Management LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,957 shares of the restaurant operator’s stock after acquiring an additional 482 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $1,806,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its position in Chipotle Mexican Grill by 4,408.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,050 shares of the restaurant operator’s stock worth $316,000 after purchasing an additional 4,938 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in Chipotle Mexican Grill during the second quarter worth approximately $200,000. Moors & Cabot Inc. increased its position in shares of Chipotle Mexican Grill by 9,674.0% in the second quarter. Moors & Cabot Inc. now owns 17,300 shares of the restaurant operator’s stock worth $1,084,000 after acquiring an additional 17,123 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Chipotle Mexican Grill by 3,447.7% in the 2nd quarter. Edgestream Partners L.P. now owns 5,428 shares of the restaurant operator’s stock valued at $340,000 after acquiring an additional 5,275 shares during the period. Finally, Stock Yards Bank & Trust Co. lifted its holdings in shares of Chipotle Mexican Grill by 5,117.4% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 4,800 shares of the restaurant operator’s stock valued at $301,000 after acquiring an additional 4,708 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value 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. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Chipotle Mexican Grill Trading Up 1.7 %
CMG stock opened at $58.36 on Friday. The stock’s 50 day simple moving average is $60.93 and its 200 day simple moving average is $57.91. Chipotle Mexican Grill, Inc. has a 12-month low of $45.62 and a 12-month high of $69.26. The firm has a market cap of $79.51 billion, a P/E ratio of 54.31, a P/E/G ratio of 1.91 and a beta of 1.27.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.
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.
Read More
- Five stocks we like better than Chipotle Mexican Grill
- Investing In Automotive Stocks
- Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?
- Pros And Cons Of Monthly Dividend Stocks
- UnitedHealth Group Pulls Back Into Another Healthy Opportunity
- Why Invest in 5G? How to Invest in 5G Stocks
- Micron Technology: Riding the AI Wave to Long-Term Growth
Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report).
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.