TriaGen Wealth Management LLC Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

TriaGen Wealth Management LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,344 shares of the restaurant operator’s stock, valued at approximately $2,011,000.

Other hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after buying an additional 48,126 shares during the period. L & S Advisors Inc bought a new position in shares of Chipotle Mexican Grill in the third quarter worth $3,256,000. Optas LLC boosted its holdings in shares of Chipotle Mexican Grill by 318.5% in the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after acquiring an additional 13,060 shares during the period. Harrell Investment Partners LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $2,513,000. Finally, Savvy Advisors Inc. bought a new position in shares of Chipotle Mexican Grill in the third quarter worth $758,000. Institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other 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 value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CMG shares. Citigroup cut their price target on Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a report on Monday, January 27th. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday. Loop Capital raised their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Stephens reissued an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.88.

Chipotle Mexican Grill Price Performance

CMG opened at $58.34 on Friday. The business has a 50 day simple moving average of $60.57 and a two-hundred day simple moving average of $57.74. The firm has a market capitalization of $79.49 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 2.05 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 EPS. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Chipotle Mexican Grill 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.