Global Wealth Management Investment Advisory Inc. Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Global Wealth Management Investment Advisory Inc. increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,788 shares of the restaurant operator’s stock after buying an additional 1,302 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Chipotle Mexican Grill were worth $1,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Truist Financial boosted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Stephens decreased their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Evercore ISI raised their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $57.29 on Monday. The stock’s 50 day simple moving average is $60.09 and its 200-day simple moving average is $57.90. The stock has a market cap of $78.06 billion, a P/E ratio of 51.60, a P/E/G ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.