Clean Yield Group Purchases 3,006 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Clean Yield Group grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,482 shares of the restaurant operator’s stock after buying an additional 3,006 shares during the quarter. Chipotle Mexican Grill accounts for 1.2% of Clean Yield Group’s portfolio, making the stock its 29th largest position. Clean Yield Group’s holdings in Chipotle Mexican Grill were worth $3,768,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. lifted its holdings in Chipotle Mexican Grill by 6,993.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 5,107 shares of the restaurant operator’s stock worth $320,000 after purchasing an additional 5,035 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 9,900.0% in the second quarter. Meeder Asset Management Inc. now owns 1,200 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 1,188 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Chipotle Mexican Grill by 3,824.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 317,175 shares of the restaurant operator’s stock worth $20,026,000 after acquiring an additional 309,093 shares in the last quarter. GHP Investment Advisors Inc. raised its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 5,000 shares of the restaurant operator’s stock valued at $313,000 after purchasing an additional 4,900 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in shares of Chipotle Mexican Grill by 3,130.7% in the second quarter. Zions Bancorporation N.A. now owns 5,363 shares of the restaurant operator’s stock valued at $336,000 after acquiring an additional 5,197 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on CMG shares. Jefferies Financial Group increased their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Piper Sandler raised their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Stephens reiterated an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Finally, Truist Financial lifted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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 completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock traded down $0.12 on Monday, reaching $56.38. 5,204,691 shares of the company were exchanged, compared to its average volume of 7,905,994. The firm has a market capitalization of $76.82 billion, a PE ratio of 52.48, a PEG ratio of 2.64 and a beta of 1.27. The stock’s fifty day moving average price is $60.94 and its 200 day moving average price is $58.00. Chipotle Mexican Grill, Inc. has a 12 month low of $45.50 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business 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 business earned $0.23 EPS. As a group, research analysts expect 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.